I, like most everyone here was extremely disappointed in the 10Q from last week. My first thought was to lash out at PCFG Management to release some frustration and anger. Finally decided to calm down for several days before typing and sending an email. Something which would end up trying to give constructive criticism instead of just venting. Like other examples from the past several days, here is my attempt to get the attention of Management:
Mitch, Please read this email.
The 10Q you released last week was a huge disappointment but not nearly as disappointing as your failure to communicate with shareholders.
In your August 15th “Production Results and BRCM Update” you provided guidance and optimism for a gradual ramp-up to full scale gold production. It was a continuation of a flurry of PR's where you provided insight into the progression of Nevada Rae into a gold producing entity. It was truly exciting for many watching the progress at NRG. Shareholders finally had a time-frame upon which we would realize our success as gold producers. When the 10Q was released and revealed that virtually no processing had occurred at the site, it was simple a reminder. A reminder of your greatest flaw as company Managers. You won't provide shareholders proper communication.
Through your lack of communication, we lost share price, valuable shareholders and most importantly, trust in you as Managers. The share price can recover. Because of your lack of communication, many shareholders will never return. You can remedy the communication issue, but will you?
We all appreciate positive news like the geo-tube tests, the concentrator purchase and your “Update” and embrace it. Shouldn't you also provide us with material information that will also negatively impact company performance? Isn't trust one of the greatest assets you possess is retaining shareholders? Isn't the retention of shareholders essential in growing the share price? As fellow shareholders, aren't we supposed to be your allies? Aren't our goals one and the same, a successful company? We may be a disparate group but like you, our one aim is seeing PCFG become successful. We selected PCFG in an effort to have our hard earned savings dollars earn us more income.
I respectfully submit a suggestion to you. Why not create a PCFG Blog with a link on the PCFG Webpage, on Ihub and other PCFG centric message boards? A public forum where Management and shareholders can congregate via the Internet to share information. It would be free advertising for PCFG. Other firms are utilizing Blogs. It would slightly reduce the costs for PR's. It would alleviate the amount of “same old questions” you are constantly bombarded with and mostly ignore. One question, one answer, one location. It would save you time. It would reduce the communication gap between you and shareholders. With your permission, a shareholder(s) could create and maintain the blog site and keep the dialog civil. You could visit weekly, select and answer questions. You could hold a live half hour interactive session every couple of weeks. Please consider better communication and this as an option
Regards,
Airdale1
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