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Goudy Park Management Increases Planet Payment Stake to Over 5%

Business Wire
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Goudy Park Management has increased its stake in Planet Payment (NASDAQ: PLPM) to over 5%. Goudy Park will not support the re-election of Chairman Philip Beck and fellow director Graham Arad to the Board of Directors. Goudy Park urges Planet Payment to seek new outside directors and return overseas cash to shareholders given the significant amounts of NOLs the company has not utilized. Goudy Park Management also encourages an acceleration in sales and marketing spend to accelerate the entry into new markets.

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