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Red Oak Partners requests Educational Development make available certain financial records

Jul 26, 2018 - Global Banking News

Red Oak Partners, LLC has announced that, pursuant to Section 220 of the Delaware General Corporation Law (DGCL), it has requested that Educational Development Corp. (EDUC) make available for inspection and copying the company's books and records, the company said.

The requested records pertain to the following:

-the proposed long term equity incentive plan;

-the failed integrated direct-sales order system;

-past financings;

-financial results and guidance;