After getting no response from my email to investor relations (IR) regarding the BCSC issue, I followed LongNDeep2's suggestion of emailing LIHT IR regarding my concerns and suggestions. Here is the email content. I recommend you do the same...changing the content below significantly and putting it in your own words. As I said in the email, we are at a turning point for Liht. Let's try to make it a positive one.
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Subject: Investor Opinion for Annual General and Special Meeting
As an investor with over 400,000 shares who cannot attend your Annual General and Special Meeting, I think it’s important that I convey my thoughts prior to the meeting. First, the recent scheme exposed by the BCSC has justifiably made all investors nervous. Combined with other stock-related news that dilutes or threatens to dilute shareholder value, we are left pondering the wisdom of choosing to invest our hard-earned money with your company.
One of the important suggestions made by like-minded investors is to have your executive board implement Performance Based Executive Compensation. This type of policy would ensure that company executives earn their compensation instead of receiving a “blank check” regardless of company performance. I also urge you to limit the expansion of shares and warrants available on the market or in your coffers. We do not want to see a reverse split of shares any time soon, but continual dilution of share value will eventually make this inevitable.
You are on the threshold of great news at Liht. You are moving in the right direction and working to make this company a real player in the cannabis market. But you are also at a critical turning point in the company’s history. Issuing a public statement regarding the BCSC story, implementing Performance Based Executive Compensation, and establishing real reforms surrounding shareholder value would go a long way towards making your story even stronger.
We all believe in you and your company. Allowing bad news to fester without addressing it and continuing to bleed the company dry by issuing additional shares and warrants at the wrong time (namely, right now) is sure to send the company down the tubes. If you believe in your company, and believe in the long-term value proposition of what you are doing, please take this message to heart, as I represent hundreds of similar investors who are hurting with recent news.
Thank you,
