bracketed material is mine as per convention
As i said elsewhere at least one goal was achieved via my posting designed to draw Brad out to communicate w us-and fairly recent dd by longs tends to support bashers statements (which as usual were not backed up by dd-so we assumed those statements that pesquero was Brad were usual basher hyperbole)
My post reflected longs growing frustrations -which have existed for a LONG LONG time-
and that goal was to get Brad to communicate with us-either directly (which as per many posters-long and short-including longs fairly recent dd-has now been achieved) or indirectly.
in pesquero's usual Bob CWRN bashing [he had become such a bad basher of CWRN and me after reportedly selling his CWRN stock for a huge profit in 2011 that ihub removed ALL his posts from that era without my even asking-so that gives you a clue how bad they were -he even emailed etc others to get them to pressure me to stop posting-so i thought he was crazy. Some thought he became a basher to push pps down either because after selling he became a shorter or wanted to buy cheap and make a big profit again].
Anyway to attempt to alleviate longs frustrations at the lack of Brads communication I posted the preceding post and then answered pesqueros reply that since they were not an SEC reporting co there was no obligation to keep holders informed of "every twist and turn":
We havent heard anything official since the May 2013 PR.
The Requirement to communicate w holders is not limited to SEC requirements and began long before the 1934 SEC act.
Both in common law and states law.The world did exist prior to the 1934 SEC act. We know this from history plus some here were born before that and many of our parents were born before that,so we dont even have to rely on archeology.
Not to mention the human responsibility-common sense and decency-to inform the owners of the co.
Normally stock holder meetings are held every year in public co's.
At least w Bob we had frequent pics so we could see what was going on.
All of my attempts to communicate w Brad after ca 1 year came back as undeliverable using the only address Brad had supplied-many others had similar experiences.
I was a moderating force tempering many peoples desire to sue Brad for various reasons, including failure to communicate.
We didnt even know whether Brad had disappeared or was still in Mexico or anything.
Plus its not true we had unlimited opportunities to get out.
In 2011 brokers began doing something WITHOUT WARNING at least on a scale NEVER DONE BEFORE-and so it could not be foreseen-and that was to restrict our stock -so large holders effectively could NOT sell- I and others have written about this in thousands of posts and it is a well known penny stock modality since 2011.
What brokers and other entities did while some reportedly shorted our stock violated their fiduciary duty every which way but loose and every other principal of law - so anybody w knowledge of the law thought it would be temporary.
from investopedia if i remember
BEYOND SEC REQUIREMENTS
In addition to SEC reporting requirements, public companies also face the responsibility of maintaining good investor relations. Although it is not legally required [by the sec], it is nonetheless important for all companies to establish systems to deal with stockholders, financial analysts, the media, and the overall community. One of management's key responsibilities in addition to managing the business and overseeing all regulatory reporting requirements is to keep the investor's informed about company activities.
It is therefore vital that interested outsiders [not to mention longs] are presented with a complete and accurate picture of what is happening within the company. In some cases, this may entail obtaining the services of a public relations firm that specializes in investor relations. Such firms can guide newly public companies through the maze of information that they must disseminate. In addition, many smaller companies with limited resources will utilize the services of outside consultants who can help them meet their goal of providing full, accurate, and accessible information for disclosure to investors. Companies who decide to pursue this route should consider the following when selecting a consultant:
Trade Free for 60 Days & Get Up to $600. Join E*TRADE Today!
As i said elsewhere at least one goal was achieved via my posting designed to draw Brad out to communicate w us-and fairly recent dd by longs tends to support bashers statements (which as usual were not backed up by dd-so we assumed those statements that pesquero was Brad were usual basher hyperbole)
My post reflected longs growing frustrations -which have existed for a LONG LONG time-
and that goal was to get Brad to communicate with us-either directly (which as per many posters-long and short-including longs fairly recent dd-has now been achieved) or indirectly.
in pesquero's usual Bob CWRN bashing [he had become such a bad basher of CWRN and me after reportedly selling his CWRN stock for a huge profit in 2011 that ihub removed ALL his posts from that era without my even asking-so that gives you a clue how bad they were -he even emailed etc others to get them to pressure me to stop posting-so i thought he was crazy. Some thought he became a basher to push pps down either because after selling he became a shorter or wanted to buy cheap and make a big profit again].
Anyway to attempt to alleviate longs frustrations at the lack of Brads communication I posted the preceding post and then answered pesqueros reply that since they were not an SEC reporting co there was no obligation to keep holders informed of "every twist and turn":
We havent heard anything official since the May 2013 PR.
The Requirement to communicate w holders is not limited to SEC requirements and began long before the 1934 SEC act.
Both in common law and states law.The world did exist prior to the 1934 SEC act. We know this from history plus some here were born before that and many of our parents were born before that,so we dont even have to rely on archeology.
Not to mention the human responsibility-common sense and decency-to inform the owners of the co.
Normally stock holder meetings are held every year in public co's.
At least w Bob we had frequent pics so we could see what was going on.
All of my attempts to communicate w Brad after ca 1 year came back as undeliverable using the only address Brad had supplied-many others had similar experiences.
I was a moderating force tempering many peoples desire to sue Brad for various reasons, including failure to communicate.
We didnt even know whether Brad had disappeared or was still in Mexico or anything.
Plus its not true we had unlimited opportunities to get out.
In 2011 brokers began doing something WITHOUT WARNING at least on a scale NEVER DONE BEFORE-and so it could not be foreseen-and that was to restrict our stock -so large holders effectively could NOT sell- I and others have written about this in thousands of posts and it is a well known penny stock modality since 2011.
What brokers and other entities did while some reportedly shorted our stock violated their fiduciary duty every which way but loose and every other principal of law - so anybody w knowledge of the law thought it would be temporary.
from investopedia if i remember
BEYOND SEC REQUIREMENTS
In addition to SEC reporting requirements, public companies also face the responsibility of maintaining good investor relations. Although it is not legally required [by the sec], it is nonetheless important for all companies to establish systems to deal with stockholders, financial analysts, the media, and the overall community. One of management's key responsibilities in addition to managing the business and overseeing all regulatory reporting requirements is to keep the investor's informed about company activities.
It is therefore vital that interested outsiders [not to mention longs] are presented with a complete and accurate picture of what is happening within the company. In some cases, this may entail obtaining the services of a public relations firm that specializes in investor relations. Such firms can guide newly public companies through the maze of information that they must disseminate. In addition, many smaller companies with limited resources will utilize the services of outside consultants who can help them meet their goal of providing full, accurate, and accessible information for disclosure to investors. Companies who decide to pursue this route should consider the following when selecting a consultant:
Trade Free for 60 Days & Get Up to $600. Join E*TRADE Today!
