Well at least one goal was achieved via my posting -which reflected longs growing frustrations -which have existed for a LONG LONG time-
and that goal was to get Brad to communicate with us-either directly(which as per many posters-long and short-including longs fairly recent dd-has now been achieved) or indirectly.
We havent heard anything official since the May 2013 PR.
The Requirement to communicate w holders is not limited to SEC requirements and began long before the 1934 SEC act.
Both in common law and states law.The world did exist prior to the 1934 SEC act. We know this from history plus some here were born before that and many of our parents were born before that,so we dont even have to rely on archeology.
Not to mention the human responsibility-common sense and decency-to inform the owners of the co.
Normally stock holder meetings are held every year in public co's.
At least w Bob we had frequent pics so we could see what was going on.
All of my attempts to communicate w Brad after ca 1 year came back as undeliverable using the only address Brad had supplied-many others had similar experiences.
I was a moderating force tempering many peoples desire to sue Brad for various reasons, including failure to communicate.
We didnt even know whether Brad had disappeared or was still in Mexico or anything.
Plus its not true we had unlimited opportunities to get out.
In 2011 brokers began doing something WITHOUT WARNING at least on a scale NEVER DONE BEFORE-and so it could not be foreseen-and that was to restrict our stock -so large holders effectively could NOT sell- I and others have written about this in thousands of posts and it is a well known penny stock modality since 2011.
What brokers and other entities did while some reportedly shorted our stock violated their fiduciary duty every which way but loose and every other principal of law - so anybody w knowledge of the law thought it would be temporary.
from investopedia if i remember
BEYOND SEC REQUIREMENTS
In addition to SEC reporting requirements, public companies also face the responsibility of maintaining good investor relations. Although it is not legally required, it is nonetheless important for all companies to establish systems to deal with stockholders, financial analysts, the media, and the overall community. One of management's key responsibilities in addition to managing the business and overseeing all regulatory reporting requirements is to keep the investor's informed about company activities.
It is therefore vital that interested outsiders are presented with a complete and accurate picture of what is happening within the company. In some cases, this may entail obtaining the services of a public relations firm that specializes in investor relations. Such firms can guide newly public companies through the maze of information that they must disseminate. In addition, many smaller companies with limited resources will utilize the services of outside consultants who can help them meet their goal of providing full, accurate, and accessible information for disclosure to investors. Companies who decide to pursue this route should consider the following when selecting a consultant:
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
