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http://www.zoominfo.com/people/Nordl...
www.sec.gov/Archives/edgar/data/1329... - [Cached Version]
Published on: 10/17/2007 Last Visited: 10/18/2007
An article appearing in the Wall Street Journal on August 4, 2006 describes Mr. Kostiner's activities after leaving Allegheny Energy in 2003 leading up to his involvement with Platinum in 2005 as briefly forming his own consulting firm that "didn't really go anywhere" and getting help from Mr. Nordlicht after failing to raise money from private equity firms.
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The term of office of the third class of directors (Class C), currently consisting of Mark Nordlicht and Barry Kostiner, will expire at the third annual meeting.
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2007. Following the consummation of the asset acquisition, Mr. Nordlicht will resign as chairman and a director.
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Five of these class actions name Mark Nordlicht as a defendant.Mr. Nordlicht is the chairman of the board and a director of Platinum.Optionable provides natural gas and other energy derivatives trading and brokerage services to brokerage firms, financial institutions, energy traders and hedge funds.Mr. Nordlicht founded Optionable in 2000 and formerly served as its chairman of the board of directors but was never employed by Optionable.
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Mr. Nordlicht has advised the Company that he will resign as the chairman of the board and as a director of Platinum following consummation of the asset acquisition in order to devote his full time to the management of his growing hedge fund, Platinum Partners Value Arbitrage Fund.
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Between May 11, 2007 and May 17, 2007, a number of class action lawsuits were filed against Optionable, Inc. ("Optionable"), Mr. Mark Nordlicht, Mr. Albert Helmig and certain other directors and officers of Optionable, alleging violations of securities laws.
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Mr. Nordlicht is the Chairman and a director of the Company and former chairman of the board of directors of Optionable and Mr. Helmig is a former director of the Company and currently chairman of the board of directors of Optionable.
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Optionable is energy trading and brokerage company founded in 2000 by Mr. Nordlicht.
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Five of these class actions name Mark Nordlicht as a defendant.Mr. Nordlicht is the chairman of the board and a director of the Company.Optionable provides natural gas and other energy derivatives trading and brokerage services to brokerage firms, financial institutions, energy traders and hedge funds.Mr. Nordlicht founded Optionable in 2000 and formerly served as its chairman of the board of directors but was never employed by Optionable.
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Attention: Mark NordlichtFacsimile: 212-581-0002
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