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Re: pointofreturn post# 18090

Wednesday, 11/26/2014 1:33:36 PM

Wednesday, November 26, 2014 1:33:36 PM

Post# of 140463
Thank you for posting this. I have to say that I'm disgusted by this company's treatment of and attitude towards shareholders. Yes, a privately-held company can do what it wants, regardless of public opinion. However, these people are running a publicly-held company. So, they have an obligation, obligation (not kind-of, sort-of, would be nice to...) to do right by shareholders. This includes keeping them informed so they can make educated decisions and endeavoring to get them a return on their investment. In addition to this obligation, they are also required to act in good faith and they are prohibited from deceiving shareholders and potential shareholders. This includes making good on representations that compelled/induced shareholders to buy shares. So, there is a really big question as to whether this company has met its obligations and whether it has acted in a way that at least borders on deception. Beyond this question, the detached and indifferent attitude towards shareholders is particularly troubling because it seems, from the lack of information and the sporadic dismissive statements, that this company's leadership sees shareholders simply as a source of funding. That us, their indifference is limited to after folks hand over their money. Prior to that point, the company communicates certain things such as the milestones we are all familiar with.