ISRAELI SECURITIES OFFICIALS REQUEST INFO FROM MAZOR (Orthopedics This Week)
In late May, officials of the Israel Securities Authority (ISA) searched the Israeli offices of Mazor Robotics, Ltd.
On June 8, 2017, the company publicly announced the search and noted the ISA had questioned certain officers in connection with an investigation being conducted by the agency.
In a U.S. Securities Exchange Commission (SEC) filing the company said: "Mazor has not been informed as to the subject matter of the investigation, nor has it been charged with any wrongdoing. Mazor is cooperating fully with the ISA."
Ladenburg Thalmann analyst Jeffrey Cohen wrote four days later that the public may never know anything pertaining to the site visit and inquiry.
Cohen wrote that based on management’s comments, both direct and at a recent investor presentation, "we believe that the press release is not well understood by investors and that nothing has fundamentally changed at the company."
Cohen added that he believes the company did not need to disclose the ISA visit, "but in continued efforts to be transparent with the public and investors, decided that it would be prudent (particularly in front of mana...
