Federal Whistleblower: Cogent Communications Ignores Contested Acquisition of Fiber Network Solutions in Q1 2025 SEC Filing Whistleblower David Koch states Cogent’s newest SEC filing leaves out all reference of a challenged 2003 acquisition, in spite of official cautions and whistleblower disclosures. “They had every opportunity to respond before this became a federal matter,” Koch states. (1888PressRelease) May 12, 2025 – WASHINGTON, D.C. – Cogent Communications Holdings, Inc. has actually submitted its Q1 2025 Form 10-Q with the U.S. Securities and Exchange Commissionbut continues to leave out any reference of the challenged 2003 acquisition of Fiber Network Solutions, Inc. (“FNSI”. David Koch, the business’s creator and previous bulk investor, calls the omission “intentional and indefensible.”
“The 2003 transaction resulted in the unlawful removal of more than one million shares I personally held,” stated Koch. “It relied on a fraudulent proxy, and the supporting agreementExhibit 2.5was filed without its schedules. Despite receiving multiple formal notices, and being alerted through federal whistleblower filings, Cogent has refused to acknowledge or address any part of this. They had every opportunity to respond before this became a federal matter.”
At the time of the sale, Koch was clinically incapacitated. A proxy was carried out on his behalf by Kyle C. Bacon, utilizing documentation prepared by William Kellyan lawyer Koch had actually formerly fired for cause. That proxy allowed Bacon to authorize the sale of FNSI, removing Koch of his equity in the business. The deal was recorded as “Exhibit 2.5” in Cogent’s 2004 S-1 filing, however it was unindexed, removed of all schedules, and the primary body of the filing never ever as soon as discussed Fiber Network Solutions by name. In Between March and April 2025, Koch released 4 official legal notifications to Cogent’s executive teamincluding CEO Dave Schaeffer and Chief Legal Counsel John Changalerting them to their legal commitment to remedy the general public record relating to the 2003 acquisition. The notifications were acknowledged by Cogent however eventually ignored.
“They received the notices. They acknowledged them. They chose silence,” Koch stated. “That silence speaks volumesand suggests awareness of how damaging the truth could be.”
On May 8, 2025, throughout Cogent’s Q1 revenues call, Koch openly recognized himself as a federal whistleblower and made sixteen different demands to take part in the financier Q&A. In spite of complete compliance with involvement instructionsand verification by the call systemhe was neglected. Koch asserts that this relentless pattern of omission, concealment, and institutional silence warrants instant federal examination. He has actually sent protests and supporting proof to the SEC, FBI, IRS Criminal Investigation Division (IRS-CI), and the U.S. Attorney for the Southern District of Ohio. Continuous disclosures, filings, and paperwork are preserved at https://FiberNetworkSolutions.net Media Contact: Federal Whistleblower FNSI Acquisition Review media (@) FiberNetworkSolutions dot net https://FiberNetworkSolutions.net ###
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