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Posts | 1924 |
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Alias Born | 04/04/2017 |
Thursday, July 20, 2017 3:17:45 PM
Listen, you apparently have a lot of individual investors that have put great faith in your recent attempts to turn the company around and make it profitable. Many of these investors do not have six-figure salaries to fall back on and have put money on the line in hopes that you are serious about making this a viable productive company. Unfortunately, you also have a lot of detractors that represent management as nothing but scam artist. Many investors want to believe in your sincerity about making this a viable company but there is historic evidence that supports your detractors allegations. We know that about 3 years ago the company and managemen was sued for false representation about the companies possibilities. I believe it was settled for something like $3000000 which insurance paid. Other issues like not giving a significant heads up as to the actual date that the reverse split was instigated, left many investors stuck with their shares and not even having the option to liquidate them in hopes of getting back in later. Now you have shut down all Communications which further instills negative feelings towards management. If necessary, many investors here are willing to combine their votes in order to stop further diluting actions but more importantly there's a rising chorus of individuals that would like to go the route of a class action lawsuit again. Ultimately either of those actions could be detrimental to the company's future As well as the Management's time and reputation trying to fight it. It would go a long way to alleviate the fear and discontent among many investors if you would simply put out some type of shareholder communication explaining the strategy and exactly what that will likely entail for shareholders shares both short term and long. An open conference call would be a great idea for the next quarterly statement. This would allow shareholders to express their concerns and hear directly from management in a more personal manner which you cannot get with an SEC filing. I realize it is difficult to converse with many disappointed investors but unfortunately that's one of the roles that your position demands. As they say, it's time to put your big boy pants on and try to convince those who still have a stake in this company that you are trying your best to make the company legitimate and sustaining long-term.
Everyone should copy and paste or write some similar letter to any email associated with Intercloud. I'm sure someone could find even individual employees with intercloud email addresses and get it out to them or anybody that will listen.
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