Well Carl, you have to do what you feel compelled to do.
However, if the SEC tells you anything, then I think we'll all be just a trifle jealous. They seem pretty closed mouthed about releasing info, especially on a selective disclosure basis.
As for going to Charleston, wouldn't it be far cheaper to use the phone? Or are just ready for a vacation in warmer climes after all of this snow we've had?... <VBG>
As for what information we're entitled to as shareholders, What rights did we have as shareholders when our company was halted? Do you think the govt regulators cared about your "rights" when they stripped all value from our investment? Besides, exactly what kind of information are you looking for? Something from the SEC? Forget about it? Something from GRNO? Forget about it until the case is over. They can't say anything officially. Try talking to GRNO's lawyer.
I mean, after all, this company is non-reporting at the moment, and has no real requirements to report anything other than material information, if even that. We've been delisted to pink sheet hell. The only rights you have are to hold or sell, especially give the pending litigation by the govt (who would gladly love to see this company just fold up its tent and go away so they can put another notch in their legal belts).
If you want information about KPI, then call Jim Watkins. He told me that he had no problem discussing his company with people who wanted to call him, since his company is private and not public.
As for legal action, do want you want to do. But don't let your rights as a minority shareholder infringe upon the rights of those of us who hold a greater stake in the company. And you must obtain our support for such a legal action to be truly successful. Believe me, the larger shareholders fully realize their options and when to carry them out. My rights as a shareholder are exercised when I let the CEO of this company operate in an unhampered manner that hopefully will add value to our investment, not subtract it. When he quits, or someone finds a replacement, then our options can be exercized.
And besides, depending on the outcome of the current litigation GRNO continues to plow through, your case would certainly have to wait until the current legal issues are resolved. That means you can file, but the basis of your case will be moot until the govt is done. If there is anything left over, then we get what's left. In addition, I can't believe you are going to find a lawyer willing to take on the amount of discovery required in this case "pro bono", nor on contingency, until current litigation is resolved.
As I've stated before, it's better to wait until we see the current litigation resolved before jumping to conclusions or hiring lawyers. That way the material in those cases become pulic information which precludes spending big bucks in discovery.
However, my fullest hope is that all of the legal sword-rattling will be made moot and with consumation of a couple of contracts, we can dispense with all of this negativity and look to something more positive.
I'm certainly not in the mood to spend money suing when I'm not even sure what will be left to sue over.
In sum, you're angry, frustrated, and tired of not being told anything.
Welcome to the club!
Hell, I'm still angry that I was put in a position where I had to settle and pay a fine rather than spend the exorbinant amount of money that would have been require to take my case to court.
Do you believe that I haven't got a suitcase full of questions that I would like to have the answers to??
Come on now..... Try taking a walk in my shoes for awhile before telling me how angry you are.
Regards,
Ron |
