I did better. On September 30th, I wrote the following letter to Christopher Bautista:
September 30, 2015
Dear Mr. Bautusta,
I am a shareholder writing you to express some concern about the recent lack of activity or guidance regarding where the company is going.
Earlier this year it appeared that the company was on track with new business being generated and in the pipeline.
For whatever reason, everything seems to have come to a screaming halt on July 23rd. Since then nothing positive has occurred. You were late in filing your 10Q, and last week, with no warning and no reason, one of your two directors resigned.
We have now gone through the last two months of the 3rd Quarter without any indication whether or not the company is actually on track to continue operation, or whether you are on the verge of shutting down.
I am not someone who necessarily believes that a company like yours needs to keep a constant eye on the stock price, but during the last two months this stock has literally tanked, and the management has done nothing to support it, including generating any new business.
If this were a large company with a large shareholder base, I'm sure that a sizable number of those shareholders would be demanding a change at the top.
I believe that you owe it to your shareholders to issue some sort of Stockholder Letter to provide some guidance as to what you are up to and what the future of this company is.
Thank you,
Yesterday, I resent the letter, and also sent him a 2nd letter:
Good Afternoon Mr. Bautista,
I sent you an email almost two weeks ago making some general inquires regarding the health of the company and the hope that you could provide me with some information on the future.
I am familiar with the restrictions of management providing shareholders with information that could be considered as "inside information," but as a shareholder who is concerned with the way that this stock continues to get whipsawed by individuals engaged in Pump & Dump schemes, I would hope that you can provide me with some general information that could convince me that the company has a viable future.
Thank you,
I included my name and phone number on with both letters.
I've yet to receive any kind of response, including a simple acknowledgement.
We're now coming up on 3 months with to PR or news from the company, other than their inability to file a timely 10Q, and the resignation of 1 of the 2 board members.
A review of all of the documents that this company has filed, their website and the various press releases points to the fact that this "company" really has little, if any management capable of accomplishing the claims that folks make for this company's future.
Their website lists Christopher Bautista as the President, who was only hired last year with an award of 200,000 shares of stock, Matt Malarkey, identified as the head of Product Management and Michael Brodsky, now the lone Director who owns 65 million shares of stock in this company.
According to the last 10Q, the claim was that they had 5 employees. If you remove Bautista, Malarley and the woman who supposedly shows up at the Executive Suite Office in Davie, that means there are only 2 other "employees" wandering around someplace.
It takes more people than that to run a single shift of a poorley managed fast food joint.
So, I'm open to being persuaded that there's a future for this company, but please don;t tell me that I should rely on some anonymous poster on this bulletin board telling me he got the good news from Bautista, and that if I want it I need to make my own phone call.
