I talked with Jerry today and asked why there was no stock symbol in the pr. He confirmed it´s a public company which only went dark. He said "The omission of the stock symbol was an oversight."
I asked him if the same happened with the financial statements last 4 years. It´s one thing to go dark and stop reporting with the sec, but it´s another to act like a private company and hide everything and don´t update shareholders years!
If this company would act responsible it would be important for the company to update their shareholders!
He could release a pr about financial statements every 3 months, he could upload financial statements on the website. And he could release the pr again with the stock symbol if he has forgotten the symbol in the pr.
It´s a very strange company and sad for shareholders, because it costs $6k to file as an alternative reporting company for example.
SEC filings aren´t necessary, could also file under QB which costs $12k yearly. QB filer don´t need to file with the sec, this has changed last year!
A public company this size should find a fair solution for their shareholders after they paid $5 for their shares.
Either cash offer and then going dark or if it´s a public company at least should file with otcmarkets.com.
It seems he wants to let it open to file someday, but they think they can act completely like a private company.
Just because it´s allowed with under 300 shareholders and assets below $15m to go dark, doesn´t mean it´s right to let the people who invested at $5 completely down and don´t update them years.
I hope he wakes up. This should be below the level of the company. It´s very unprofessional and unethical the way they act. After my last email he did not answer anymore.
