tmcfo
18 hours ago
As far as I know, Skull has volunteered to take the lead in sending the letter as the primary signer. All the other shareholders would be listed under his name and possibly also the number of shares owned. Not sure how to add other shareholders as signers if that is the way to go.
So far, the sample letter has been developed. Chemist has volunteered to provide the key falsehood/misleading prโs, statements, X posts, etc.
Once these are provided I will incorporate them into the letter and provide the final version. Once everyone is on board with letter as well as the participating shareholders, then Skull will send it via his personal email.
Any other thoughts are welcomed. Imo, we should send letter prior to year end to wish them a Happy New Year!
tmcfo
5 days ago
I wish I could take the credit but after inputting few things in Chat Gpt, thats is what we got and I was pleased with results.. i did some bit of editing but most of the content was from Che gpt.
Someone else needs to develop the background section of the letter and lists specifically the false/misleading prโd, X posts, and other situations.
Once again, this is only a draft and anyone should add/delete/revise anything they see in the letter.
I believe that you are one of the shareholders with the most shares so I would recommend that you take the lead and sign the letter as the primary shareholder.. all of our real names should be listed as the other supporting shareholders following the primary signatory name.
Ideally, everyone should be a signatory but not sure how that can be done.
tmcfo
5 days ago
Imo, this could be a sample letter:
[Date]
[Recipientโs Name]
[Recipientโs Title]
[Company Name]
[Company Address]
[City, State, ZIP Code]
Subject: Demand for Immediate Action Regarding False and Misleading Press Releases
Dear [Recipientโs Name],
We are writing to express our serious concerns as shareholders of [Company Name] regarding the dissemination of false and misleading press releases, X posts and etc. over the past five years. These actions have adversely affected the companyโs stock price and have caused significant financial harm to shareholders.
Background:
โข False Press Releases: [Provide specific examples, including dates and titles, if available.]
โข Misleading Information: [Detail the inaccuracies or falsehoods contained within these press releases.]
Impact on Stock Price:
The dissemination of inaccurate information has led to a decline in investor confidence, resulting in a negative impact on [Company Name]โs stock price. This decline has caused substantial financial losses to shareholders and has undermined the companyโs market reputation.
Legal Implications:
Disseminating false or misleading information to investors constitutes a violation of federal securities laws, including the Securities Exchange Act of 1934. Such actions can lead to severe consequences, including regulatory enforcement, legal action, and significant financial penalties. For instance, the SEC has previously taken action against companies and individuals responsible for issuing false press releases that misled investors.
Demand for Action:
In light of these concerns, we formally demand that [Company Name] take the following actions:
1. Immediate Cessation: Cease the dissemination of any false or misleading press releases.
2. Public Retraction: Issue a public retraction of all false or misleading press releases issued over the past five years.
3. Internal Investigation: Conduct a thorough internal investigation to identify the individuals responsible for the dissemination of false information and take appropriate disciplinary action.
4. Compliance Measures: Implement robust compliance measures to ensure the accuracy and truthfulness of all future communications with investors and the public.
Consequences of Non-compliance:
Please be advised that if [Company Name] fails to take the requested actions within 14 days from the date of this letter, we will have no alternative but to consider all available legal remedies to protect the interests
of our shareholders. This may include filing a complaint with the Securities and Exchange Commission (SEC) and initiating legal action for breaches of fiduciary duty.
I trust that [Company Name] values its shareholders and will address this matter with the seriousness and urgency it warrants. Transparent and honest communication is essential to maintaining investor confidence and upholding the companyโs integrity.
We look forward to your prompt response detailing the steps the company intends to take to rectify this situation.
Sincerely,
Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number
[Your Shareholder Identification Number, if applicable]