Steel Partners is done being Mr. Nice Guy. The hedge fund sent a strongly worded letter to Point Blank Solutions Wednesday, urging it to stop postponing its annual meeting.
“Enough is enough!” it cried out in frustration over its ongoing proxy war with the body armor maker. (See “Steel Partners Girds For Proxy War.”) Steel Partners, which owns 7.9% of Point Blank’s outstanding common stock, said the letter pushes for the long-overdue meeting and corrects misinformation relayed to shareholders on July 30.