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end2war

12/31/10 2:45 PM

#16257 RE: DannyD #16256

The only thing that will work is finding a solution that is better for FH than what he is doing now...

IMO, the best approach is to work with him in some fashion to get him to see the SHs point of view and show you understand his point of view... then see if some agreement can be reached where he voluntarily chooses to resume reporting... The process is to negotiate, give him compliments, give him gifts, give him information, and develop a relation so he may listen to your point of view and coax him to tell you his point of view... Try to get him to update the web site...Discuss the positive and negative points about reporting to shareholders honestly and ask him to consider doing the right thing to help SHs... I really think he has not done so already on his own because he does not want to spend the money on it...

Personally, I doubt he has the sales and income to get interested in reporting, but if he does, it should be beneficial to him and us... so why does he not resume reporting... maybe it needs a shareholder to ask as a catalyst...

I dont think you can get help from a government office... I think Danny was foolish to try the last time and it will not work this time... the statute of limitations has run on all his PRs that seemed to have stretched the truth... and there is little they can do to make him give reports...

I think nagging or complaining will alienate FH, and doing anything that forces him to consult lawyers will cost him money, but will not force him to do anything...Threats will only be counterproductive... However, if you can figure out how to sue him for a real breach of duty, that might make him settle but I don't see what complaint would work... I think tough guy stuff should be avoided totally and do not make him fear your motives... be honest and just try to show him why he should resume reporting the number of shares out, the financial condition and the business facts that can interest MMs and shareholders...