Home / Top News / 3.7% SVVC Shareholder Rawleigh Ralls Issues Statement to Firsthand Technology Value Fund Directors Kimun Lee, Greg Burglin, Nicholas Petredis and Rodney Yee, Whom Mr. Ralls Believes Have for Years RUBBER STAMPED EXCESSIVE FEES AND DISMAL INVESTMENT PERFORMANCE
3.7% SVVC Shareholder Rawleigh Ralls Issues Statement to Firsthand Technology Value Fund Directors Kimun Lee, Greg Burglin, Nicholas Petredis and Rodney Yee, Whom Mr. Ralls Believes Have for Years RUBBER STAMPED EXCESSIVE FEES AND DISMAL INVESTMENT PERFORMANCE
Mr. Ralls Urges “Independent” Directors to
TERMINATE FAILING FUND MANAGEMENT BEFORE
REMAINING ASSETS
ARE SQUANDERED OR SIPHONED-OFF AS FEES
BOULDER, Colo. and SAN JOSE, Calif., May 20, 2021 (GLOBE NEWSWIRE) — The following is a statement from Firsthand Technology Fund (Nasdaq: SVVC) 3.7% shareholder Rawleigh Ralls regarding his views on the Fund’s independent board members, Kimun Lee, Greg Burglin, Nicholas Petredis and Rodney Yee and the Fund’s performance. Mr. Ralls believes have each sat on the Board of SVVC for most or all of the Fund’s life. Mr. Ralls believes these Directors have presided over an “epic failure of fund management performance in seemingly unblinking fashion.”