The probably of a scam is even higher—maybe 98%—when a company’s CEO writes folksy-sounding letters to retail shareholders on a regular basis.
I'm trying to think of a company I owned, many many moons ago, whose CEO would do this. I mean, these letters were crafted for hours, pages upon pages. I wish I could think of the company - just nonsense about short sellers, etc. It must have been something I owned from the tech implosion back in 2000.
Looking back, ...another disturbing lesson on investing in crap.
I wonder if Sunesis's CFO is still writing lengthy paragraphs to their Yahoo! posting shareholders on a regular basis telling them about how they aren't going to do a reverse-split.