Shareholder Daniel Zeff called for LENS to begin an "immediate liquidation" or sale, and to distribute all remaining assets to shareholders. He noted the board's failure to execute a strategic plan, and that "delays in the strategic-review process are damaging shareholder value as the company continues to lose cash from operations." Zeff, who said he may seek board and management changes, holds 496,494 shares (8.4%)

Compliments of JoeCit.com

10Q Detective: Despite an abysmal stock performance—an 89.2% loss in shareholder value in the last five-years—Ira B. Lampert, who has been Chairman and CEO since 1994, seems to be immune from the Company’s purported compensation policies.