Is it a requirement of the SEC that every "if, then," letter they send to a company be PR'd? If it is not a requirement, does the company have to weigh whether it does more harm than good? Savvy investors like yourself might get out but the majority of shareholders would suffer worse and the company's existence threatened.
My viewpoint is that Squires is working in the best interest of the shareholders. The proof is that he has 15 years and 50+Million shares invested and at risk himself.
If I'm right, then the current status of a private company protects all shareholders until a time that the company can report revenue and become public again. IMO.
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