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In Brief: Parlux

This article was originally published in The Rose Sheet

Executive Summary

Parlux: Board of Directors authorizes Chairman and CEO Ilia Lekach to "pursue all reasonable actions to enhance shareholder value," the company announced in a Sept. 12 statement. "The company has no knowledge of any unusual occurrence, activity or negative news which has recently placed its stock under pressure to levels well below industry standards," the statement added. Parlux noted that the "fundamental performance of the company is sound and business is currently on target to plan." On Sept. 11, the issue slid 17.1% (down 3/4) to close at 4-3/8 on NASDAQ trading volume of 4,493,000...
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