Friday, March 06, 2009 5:05:26 PM
Once a month an advertisement or notice would appear in the paper addressed to the company and employees saying it has now been 14 months since shareholders have had any news, and politely request the CEO or employees furnish us with a report or company update.
Another advertisement is to offer up a reward for current information on the company, written as a report. Some employee could use a hundred bucks.
Later a notice could appear that shareholders have requested SEC to investigate the matter.
IMHO we were simply used to improve the companys bottom line reducing debt, new machinery and facility. Now that is done the company simply wishes to continue business in a small town way, content as to the status quo. Management is more involved in the community than in growing the company by all accounts.
I expect at some point in the future the company will hand out shares to their employee's further devaluing our investment.
Great minds board: http://www.investorshub.com/boards/board.asp?board_id=5388
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