Dear *ROSARIO* and Elie,
I sympathize with your disapointment with IR's lack of balanced communications regarding the status of their company. I, too wish that EXSO would at least give us some indication that they do, in fact have enough work to keep them running for "the foreseeable future", that their cash flow is sufficient to keep them solvent, and that the recent "accountant problem" was nothing more than a set of contractual disputes. I appreciate your continued attempts to contact Chip and find out what is going on.
However, I think you need to be reminded that if not for current management, EXSO would have ceased to exist many months ago. So what are you expecting from them in the area of shareholder value ? Any "news" they announce means nothing without the financial report, which they clearly are struggling with for reasons we cannot fathom. If EXSO management did not care about its shareholders, would they even bother to try and file with the SEC ? As a OTC:BB stock they are not required to. If they did not care about their shareholders, would they have bothered to re-negotiate a $150,000 lower fee from their accountants ?
It's one thing to be upset that they are not communicating facts that we have a right to know, it's another thing to try and get them to make EXSO profitable by screaming at them.
Do not forget that we were told that EXSO's management owns 4,000,000 shares which they must have purchased at significantly higher prices. If that is not enough to motivate them, hate mail will probably not work either.
Regards,
Chris |
