I agree with all of this. Not sure what Sachin is currently doing, what his job responsibilities actually entail, or if EVC is providing any actual value, or reasonable services being performed. I also think it will take a more interactive dialog with management to make substantial progress on these fronts. These questions were asked in our letter but a public announcement might not be the ideal way for them to answer, especially regarding EVC.
The idea of a conference call amongst ourselves sounds like a great beginning, but it doesn't provide actual dialog with the company. Restricting their communicative output to press releases also limits the amount of detail they could provide toward answering any of our questions.
The annual shareholders meeting is a great forum for this sort of dialog, but annual certainly doesn't cut it, and the majority of us can't attend in person due to jobs and family responsibilities.
I'm not sure how to facilitate a conference call, and I don't even know if my work schedule would allow me to participate, but if we could organize a periodic con call within our group it might be beneficial(as long as we maintain a team mentality and don't jump down each others' throats, as happens so frequently on this board). we should be organized and unified in our requests, and professional in our presentation. But the interaction with management and BOD is probably what is most needed.
What does everyone think about trying to coerce management to participate in a periodic conference call? Maybe monthly, maybe only quarterly. We can discuss topics here in advance, and they would certainly be free to monitor things here so they know what to expect and what to prepare for. A conference call or WebEx which includes them should accomplish a huge amount. We would need to understand that there are some questions they can't answer for various reasons. We could send them a list of questions in advance so they can properly prepare.Also, if we could get this started, everyone involved would need to be patient and courteous through the entire call, or there would never be another.
If they can answer a reasonable number of our questions and engage in a dialog about the direction of the product and the company, it would be so much easier to draw in more investment dollars and get a competent product to the finish line.
Thoughts?
