I will consolidate the points made so far by value1008 and others and send to you via a file in our Yahoo group.
I have been involved in similar efforts before and there is a tendency for everyone to promote individual interests. In light of the fact that this will be a letter from shareholders (as opposed to option holders), I would think an underlying fundamental of the text would be to keep trading halted until all of the problems are resolved. However, we may get news in the 8-K indicative of massive fraud, in which case maybe we would want trading opened just to cut our losses. This is one of the reasons I thought we needed to wait and see what the 8-K said first. But the proposed first draft does not need to be perfect, it just needs to get the ideas on paper to get the process going... so I'll do that and circulate it to you.