That's great TedtheBear. One thing some guys did for another (similar) stock is bulk email a letter with questions to the directors. Maybe we could do the same if you're happy for us to use your letter? The other company got inundated with emails and they sent us all a very detailed reply, which then also posted on the ASX.
Your letter is good. I've copied it below with only a slight change to the third paragraph (to be clearer about our main point). If people are happy to do this I'll get together the email addresses and post them.
"As I watch my investment with Eden Energy continue to shrink I would ask for some assurance from the company that the future of our business still has promise. Can you give any guidance that the we are still a going concern and that the La Jolla cash is being used to fund testing and find actual customers not just prolong our decline?
How is the concrete and rubber testing going, are we making headway towards actual sales? Why was the announcement regarding a spike in Opti Blend Kit sales released with no numbers? Do we have a updated time frame to become cash flow positive as the goal of early 2012 has obviously been missed?
Our company seems to have great potential on paper but we lack momentum. The ASX updates are all very similar in that they are not specific and generally contain a rehashed version of a previous update. We ask that you provide us with a written assurance that the company, in its present condition, will continue as a going concern. Please treat the shareholders with the respect they deserve and provide us with some honest updates with real information and hard numbers.
Yours sincerely,"
EDE Price at posting:
2.4¢ Sentiment: Hold Disclosure: Not Held
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