FYI all Message for the Board submitted this a.m.
This email is for the Board on behalf of a group of 16 shareholders.
Apparently the Co. intends providing a full & detailed update post Q. This is appreciated however for the following reasons I'm concerned your version may differ from the truthful, concise & comprehensive information we are well entitled to.
1) the co.'s history of what many would reasonably consider negligence & continuing maltreatment of s/h.
2) expressing s/h anger as frustration.
3) much of overdue info wanted is not dependent on lodgement of a Q..
The full, detailed, truthful update we demand is:
From interim CEO - on production capacity; supply contracts; customization programs; pipeline; what our employees are working on.
From CFO - cash flow & sales forecasts; b/e & profit timeline estimations; ramp schedule.
Also, due to its damage to our Co. & holdings, an account of the Discovery Fund disgrace would be welcome.
Regards,
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To Our Aus. director, page-52
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