Thursday, August 29, 2013 1:33:29 AM
Do people on the board think that it's "acceptable" to communicate with shareholders at large so infrequently through traditional means, e.g. press release.
The only time we've communicated with the CEO directly was through a conference call and they were very receptive both times. We stopped asking questions so other investors have space for theirs.
It seems odd to us that press releases are infrequent if they have several initiatives in progress which has been implied but updates, even in conference calls seem less and less over time.
If the company is making great strides, it's difficult for us at least to tell.
Most companies that I am familiar with and have invested in, or evaluated, including small ones, used press releases for just about anything they could talk about, legitimately, to communicate to the outside. It wasn't an exception, it was a norm, and a large number.
So, we find it very strange that in order to receive communications from this company that it has been implied by some as "privileged" one-on-one personal style communications.
We've worked for several highly reputable firms at different levels and in different capacities, including small ones, and all of them believed that press releases were an essential component to the business, especially for new or strategic initiatives.
Maybe this company would be better off going private since it seems so private.
What are the chances?
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