Professional Diversity Network Inc Com (NASDAQ:IPDN)

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Top IPDN Bull/Bear Pitches

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rfpresents (< 20)
Submitted March 28, 2013

They are linked in to Linkedin!www.linkedin.com

jed71 (99.83)
Submitted August 17, 2017

Does anyone else find it HILARIOUS that a "diversity" company has problems with labor relations and is being sued multiple times for violating employee's rights? This is almost too funny to be true. I find it hard to believe this is a legitimate… More

IPDN VS S&P 500 (SPY)

IPDN Summary

Recent Community Commentary

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Recs

5
Member Avatar jed71 (99.83) Submitted: 8/17/2017 10:18:34 AM : Underperform Start Price: $4.56 IPDN Score: +63.12

Does anyone else find it HILARIOUS that a "diversity" company has problems with labor relations and is being sued multiple times for violating employee's rights? This is almost too funny to be true. I find it hard to believe this is a legitimate company after reading their recent 10-Q.

The Company has previously disclosed that it and its wholly-owned subsidiary, NAPW, Inc.,are parties to litigation captioned Gauri Ramnath,et al. v. Professional Diversity Network, Inc.,et al., No. BC604153 (Los Angeles Superior Ct.),a putative class action filed in January 2016 alleging violations of various California Labor Code (wage & hour) sections. During the first quarter of 2016, the Company executed a settlement agreement, subject to later Court approval, in which the Company agreed in principle to pay $500,000 fora global settlement of the class action. During the first quarter of 2016, the Company also recorded a litigation settlement expense in the amount of $500,000. On November 28, 2016, the Court approved the proposed settlement. In December of 2016 the Company paid the settlement amount in the Court’s fund and the third-party administrator began distributing payments to class members. On August 2, 2017, the Court notified the parties that the case is “reported as complete without the need for a furtherstatus conference”. The Company expects a formal dismissal order in the near future.

The Company and its wholly-owned subsidiary, NAPW, Inc., are parties to a proceeding captioned In re Professional Diversity Network, Cases 31-CA-159810 and 31-CA- 162904 (“NLRB”), filed with the National Labor Relations Board in June 2015 and alleging violations of the National Labor Relations Act against the Company and its whollyowned subsidiary, NAPW, Inc., where employee was allegedly terminated forasserting “union organizing” rights. While the Company disputes that any rights were impacted, the NLRB has issued its preliminary order requiring the Company to take certain remedial actions in the form of posting notices and revising certain policies. The NLRB’s order was recently affirmed by the U.S. Court ofAppeals for the Ninth Circuit and the Company is working with the NLRB to carry out the effects of its order. The NLRB is expected to levy a make-whole remedy to the subject employee. The Company does not expect the resolution of this matter to have a material negative impact on its financial condition.

The Company is a party to a proceeding captioned Paul Sutcliffe v. Professional Diversity Network, Inc., No. 533-2016-00033 (EEOC), filed with the Equal Employment Opportunity Commission (“EEOC”) in April 2016 and alleging violations of Title VIIand theAge Discrimination in Employment Act, where employee was allegedly terminated due to his race (Caucasian) and his age (over 40). The EEOC has not yet notified the Company that it has issued a right-to-sue letter, and the complainant has not yet filed a lawsuit.

The Company is a party to a proceeding captioned Wei Aniton v. Professional Diversity Network, Inc., No. 440-2017-04717 (EEOC), filed with the Equal Employment Opportunity Commission (“EEOC”) on July 6, 2017 and alleging violations of Title VII and the Equal Pay Act of 1963, where employee alleges she was discriminated by the Company due to her race and hersexand was paid less than similarly situated white males. The Company is in the process of providing a response to the EEOC."

Revenues are falling, not been profitable in the past five years, burning around $4MM in cash per quarter (roughly speaking). Another easy down thumb.

Recs

1
Member Avatar rfpresents (< 20) Submitted: 3/28/2013 6:14:32 PM : Outperform Start Price: $55.52 IPDN Score: -164.72

They are linked in to Linkedin!
www.linkedin.com

Leaderboard

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Score Leader

superstar

superstar (99.94) Score: +79.73

The Score Leader is the player with the highest score across all their picks in IPDN.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
WSMOOT19 71.28 8/29/2017 Underperform 1Y $5.20 -61.54% +7.72% +69.26 0 Comment
80brown 99.97 8/18/2017 Underperform 5Y $4.97 -59.76% +8.51% +68.27 0 Comment
jed71 99.83 8/17/2017 Underperform 5Y $4.56 -56.13% +6.99% +63.12 1 Comment
gr84px 80.45 9/29/2017 Underperform 3M $4.07 -50.86% +4.99% +55.85 0 Comment
comicalmanbeast 56.69 12/21/2017 Underperform 5Y $4.26 -53.05% -1.64% +51.41 0 Comment
foolishfun4me 99.34 10/30/2017 Underperform 5Y $3.08 -35.06% +2.53% +37.59 0 Comment
johnnyrocku 99.88 11/13/2017 Underperform 5Y $2.97 -32.75% +2.43% +35.18 0 Comment
rfpresents < 20 4/1/2013 Outperform 5Y $55.52 -96.40% +68.32% -164.72 1 Comment

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