"Do you feel that the company owes an explanation to large private place investors who bought in several years ago and did not make a profit or breakeven?"
* Frankly, no. As far as I know, the company has been entirely forthcoming with investors, no matter how large or small, when the investors keep an open line of communication. There are shareholder meetings, SEC filings and most importantly, they always answer the phone or return calls to address questions or concerns that I've had.
Do you think they should circle the wagons and find out why someone was able to make "137%" profit when their money has been tied up for years?
* I don't feel it's the company's responsibility to come find me and explain or let me know of my ability to sell or to tell me what other investors did with their position. I'm an investor and I follow my investment daily as well as keep an open line of communication with the company on a weekly to bi-weekly basis. I think your assessment of the Private Placement might be a little off, specifically the price and the term of restriction during the last couple years.
Do you think there is a basis for legal or regulatory action?
* In my book, the company has been fully compliant with the SEC and all other federal agencies.
