Monday, January 10, 2022 5:42:33 PM
The fact is, we have a Company whose management has a questionable understanding of their obligations vis-à-vis running a pubco, both the Shah days *and* the current iteration (the "buyback" was supposed to happen under current management). What infrequent substantive disclosure we have indicates that they are focused almost entirely on running the business, with little to no concern about the shareholders...unless and until the load of complaints about inaction directed at the Company hit an actionable threshold.
Ignorance is not a defense if you're trying to get out of a speeding ticket, but here I think we cannot assume either positive or negative intentions by a failure to update - even when required by applicable law or the bulletin board. Their hands are full keeping the ship afloat, selling product, and doing whatever the hell it is that they are doing with acquisition targets; no matter how much we plead and whine on this board, they probably won't do squat (whether or not it is warranted under OTC Markets guidelines) until the annual report is due.
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