Good morning! Here is a draft of a letter to Billy. I'd be happy to send this verified delivery and delivery confirmation. At worst, it's ignored, and then perhaps that helps us to make any case we try to make later?
Thank you for thoughts on whether this is worth pursuing.
________________________________________
Billy Carter:
I am writing on behalf of a large group of (in fact, a majority of) minority shareholders in UOIP representing xxx#, xx% of shares (names and share counts attached) . We are excited about the progress and about the light at the end of the tunnel and a potential recognition of significant value on our investment. First, thank you for re-instating UOIP! Second, I write on behalf of minority shareholders to request that minority holders (specifically, xxxxname) is given a board seat in this newly reinstated company.
We know that you have a fiduciary duty to protect our rights and ownership of UOIP's valuable patents. That being said, we believe board representation is the best way for our voice to be heard and our interests protected. Simply put, we would like one of our 'own' on the board. Our specific goals would be
1. To ensure that any settlement benefits all shareholders equally.
2. To ensure that shareholders benefit equally regardless of whether the bulk of any settlement value is in a one-time payment or in future licensing.
3. To ensure that none of the items UOIP owns are transferred to another entity to the detriment of minority shareholders.
4. To ensure that minority shareholders have a voice in the direction of the company.
5. To advocate for the goal of relisting these shares with a goal of continual profits from licensing.
6. To advocate for an annual shareholders meeting and timely filings of all financial statements.
7. To review any expenses incurred and ensure all align with the goal of creating shareholder value.
I can be reached at xxxxx or by phone at xxxx. Please let me know how you would like to receive signatures and documentation of this request for our nomination of a member to the board of directors of our company as we are happy to complete whatever process is required.
Thank you for your time and efforts as we proceed to trial and advocate for our patent rights in this monumental case!
-xxxx
