The truth is, Robin, I have literally spent years trying to see
if shareholders would work together in a logical and safe way to both protect their investment by taking careful steps collectively to prevent what is happening now. Some were interested, but that goal was diverted by the cleverness of press releases and company-generated publicity coupled with strategic silence that managed to keep shareholders hopeful over long periods of time. The amount of money lost by myself and others is truly staggering.
Still I want to do this carefully and I cannot and will not do this alone. I am not interested in tossing out insults or taking sloppy, ill-considered actionS. I want to work along with shareholders and shareholder leadership with far more experience than I have. So, in answer to your message-
My line in the sand is:
1) We get a sufficient number of shareholders to make
a strong impression to the company that there is a large growing shareholders who want a change and will do something.
2) We send a registered letter to the Board of Directors demanding transparency on the audit and up-listing- and that the stock price has largely collapsed because of their lack of communication, false deadlines, lack of follow-through. We know the difficulties that will come about after serious complaints to the appropriate agencies (including the SEC) and the possibilities that there will be an investigation that includes fraudulent activities with quite serious consequences.
3) Whether or not there is a response, we send another registered letter demanding a shareholders meeting. I am not positive I understand Florida law, but I believe that, in general, although there is a law requiring an annual meeting and minutes, Florida does not enforce this requirement. And this is what I think is true- but if members with 5% or more of voting stock, Florida will enforce the right to have that- meaning the company will have consequences if they don't- from the State. This whole area needs to be checked with an attorney familiar with Florida corporation requirements.
4) We address our problems to outside parties directly associated with providing promotion and financial assistance to VMSI and state our problems.
AFTER THIS, WE FORMULATE WITH ATTORNEYS- AN ACTION PLAN...IN THE PAST, YOU HAVE REFERRED TO THESE TYPE OF CONSEQUENCES MANY TIMES.
