GEE Group pushes back on Star Equity's unsolicited IOI, cites lack of specifics

GEE Group Inc.

Star's Jan. 6 IOI referenced possible business combination but lacked valuation or structure details.
GEE Board reviewed IOI with outside counsel; no NDA or Schedule 13D filed by Star.
Star is thinly traded (avg 7.86k shares/day), micro-cap $36.7M market cap, with recent net losses.
Star claims 5.4% GEE stake; GEE cannot verify and notes no public Schedule 13D filed.
Company will respond privately; board will consider any bona fide offer that enhances shareholder value.

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