Tuesday, October 29, 2024 7:27:41 AM
What are they doing? Which side are they on?
If you want to close the position to record the minus but also want to leave a finger in the ass to these individuals who do and undo everything then hold at least one share!
Dear Board of Directors,
The ongoing silence from the company is increasingly troubling and raises serious questions about the intentions of the board towards its shareholders, particularly those of us with smaller holdings. The consistent lack of transparency, especially following the NASDAQ delisting, appears almost calculated to keep us uninformed and powerless.
As a shareholder, I cannot help but wonder if there is a deliberate attempt to disenfranchise smaller investors, potentially with the aim of driving down shareholder numbers below 300, effectively removing regulatory oversight and limiting accountability. This lack of communication not only undermines trust but creates a perception that the board may be acting in its own interest, rather than fulfilling its fiduciary duties.
If the board is committed to integrity, transparency, and the fair treatment of all shareholders, it is imperative that you provide immediate and clear communication regarding the company’s current status, its strategy moving forward, and any issues relating to the recent SEC inquiries.
I urge you to address these concerns without further delay, as continued silence only strengthens the suspicion that this lack of transparency is not in good faith.
Sincerely,
P.S.
This lack of transparency suggests an intent to withhold information from smaller shareholders, a move that damages not only the reputation of the company but casts a shadow on the professionalism expected of any responsible organization.
Such conduct from a publicly traded company, representing a nation renowned for its principles of integrity and commitment, does a disservice to China itself. The board's lack of action and communication does not reflect the standards of excellence and accountability that have come to symbolize Chinese industry on the global stage.
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