Copy of my letter to HCPC.....
To: Carol Johnson, CEO
I am writing this note in response to the mailing I received from Heritage Capital. In this mailing, you requested a response indicating my interest in buying shares directly from the company. Given what has occurred with my prior investment, I have very little willingness to support this company with additional funds.
Since becoming a shareholder, I have witnessed repeated delays in the publication of a number of pieces of information. This includes, most notably, a long standing promise for audited financial data. I have also witnessed extreme dilution and have yet to see a detailed analysis of how the prior dilution has benefited the company.
The economy may have altered your plans but, quite frankly, I am not convinced that this company has ever had the plans in place to be successful. It appears that the main avenue of pursuit for viability has been massive dilution. Now perhaps I am wrong, and I fully hope so, but the lack of substantial communication has only added support to this belief..
I hope now is the time you will act to increase the value of this stock for the investor and, to that end, will put a plan in place that will move this stock back into active trading. There are many investors who would very much like to recover the cost of their investment.
We shareholders are now in the position where we must trust in you and the leadership of this company to do the right thing for our investment, and I don't believe that increased dilution or a reverse stock split at these levels would help in that regard. Hopefully we will see some correspondence, or action, in the near future to give us hope that this investment is not as dead as it seems.
Regards,
XXXXXXXXXXXXX
HCPC Investor
