I can appreciate the time you took to draft this.
Post# of 36537
(Total Views: 467)
Posted On: 10/27/2021 8:41:49 AM
I can appreciate the time you took to draft this. Clearly, we all want you to receive a cogent response to this correspondence.
It is my understanding that multiple previous requests for similar information have been ignored, unfortunately, so while your efforts are praiseworthy, I also expect there will be no response to your missive, keeping the consistency of non-response intact. The only exception to this may be that Mr. Heim will provide a written response, suggesting that it is not his "place" to address the concerns you expressed, and referring you to the other addressees. He may actually value his reputation (unlike the appearance given by the other intended recipients), and because he is neither an executive nor a board member of either company, he may provide at least some reply, albeit non-substantive.
It is obvious at this point that if something good were "in the works," there would have been some communication in order to reassure shareowners as well as potential investors. The quality of management at this point can be characterized as either incompetent, negligent, or deliberately intended to inflict damage on the shareowners. If someone else has an explanation for how draining the company value could have a beneficial impact on shareowners and other investors, I would be interested in reading it.
My level of disgust with and distaste for the putative "leaders" of these companies deepens daily, in lock-step with the SP. The BoD and CEO have fiduciary responsibilities to the shareowners; they certainly are aware of that, but just as clearly have demonstrated that they do not care. That leads me to the conclusion that either they are no long for this company, or that this company is not long for viability. Investigations of any type do not effectively shut down companies, unless criminal activity otherwise would continue, and that activity is being halted. Perhaps someone who practices law in this sphere can illuminate this dark room; my practice does not include that realm.
It is my understanding that multiple previous requests for similar information have been ignored, unfortunately, so while your efforts are praiseworthy, I also expect there will be no response to your missive, keeping the consistency of non-response intact. The only exception to this may be that Mr. Heim will provide a written response, suggesting that it is not his "place" to address the concerns you expressed, and referring you to the other addressees. He may actually value his reputation (unlike the appearance given by the other intended recipients), and because he is neither an executive nor a board member of either company, he may provide at least some reply, albeit non-substantive.
It is obvious at this point that if something good were "in the works," there would have been some communication in order to reassure shareowners as well as potential investors. The quality of management at this point can be characterized as either incompetent, negligent, or deliberately intended to inflict damage on the shareowners. If someone else has an explanation for how draining the company value could have a beneficial impact on shareowners and other investors, I would be interested in reading it.
My level of disgust with and distaste for the putative "leaders" of these companies deepens daily, in lock-step with the SP. The BoD and CEO have fiduciary responsibilities to the shareowners; they certainly are aware of that, but just as clearly have demonstrated that they do not care. That leads me to the conclusion that either they are no long for this company, or that this company is not long for viability. Investigations of any type do not effectively shut down companies, unless criminal activity otherwise would continue, and that activity is being halted. Perhaps someone who practices law in this sphere can illuminate this dark room; my practice does not include that realm.
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