I have to admit that I am beginning to echo your sentiments. I have shown extreme patience with the company. While I still believe in the business model and have no intentions of selling shares, (though I am beginning to think that some longs were never really long term investors but interested in flipping their shares within a reasonable time frame) I cannot help but feel completely left out in the dark.
And here is what I do know.....Toland is the largest shareholder with an approximate share holding of 600 million shares. This equates to about 10% of the total shares. Dutch and Toland combined have roughly 850 million shares.
When the two main executives only own 850 million shares of 6.5 billion that means that the majority of shares are owned by the public. While I am extremely thrilled that neither has sold any, it still means that the majority of shares are owned by the public. Does it not seem right that we should be kept in the loop?
Are the former larger shareholders (Core Winner, Fong) still on the board? Why have we not received letters of resignation from board members? Some of the current registered board members don't even own shares and in Fong's case only own roughly 16 million (And that is adding in his wife's shaers).
Toland sold me on the going silent over a year ago due to the bashers. But just as Jdiddy said, it hasn't stopped the bashers from going silent. Yes. Perhaps it stopped them from hurting upcoming deals, however, the only deal announced in the last year has been with MedPassage. Really? They've been silent for over a year to protect a single deal.
My interpertation of reality is that the public owns roughly 75-85% of the company. It is time that we were informed. You can only say that you're protecting my investment for so long (without telling me anything more) before I begin wondering what the f*&k you're actually doing. While I am confident that Toland is diligently working to make SGLN a bright company, they are working under a concept of fear. They fear the bashers will hurt their business so they don't inform anybody.
And for those interested, I have been a shareholder for two years. I have seen the whole game played out in front of me and have been positive the majority of the time. I watched what happened a year ago and understand their position. I use to agree with it, but now feel slightly different. I think there is a happy medium that would give shareholders information without giving the exact details that may cause harm to any agreement.
From what I've seen from the forum for the last couple weeks, Toland is flirting with turning some of his best supporters into bashers. I sincerely hope that he starts releasing information before that occurs.
GO $SGLN
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