RE:Fiduciary duty to your shareholdersMinerCPA wrote: Dear Setti
As you know the share price has been dropping consistently as of late. You and your board need to give us (your shareholders) updates in real time as to the companies sales ,reorder rates, and other pertinent financial data. While we appreciate the broad brush milestone events we've seen, I think it is time to give us some real numbers for a change so we have information to make timely investment decisions. Waiting 3-5 months for year end audited financials is difficult to swallow, especially for the long term holders who have been with the company since going public.
I've personally contacted investor relations several times with no responses. Sam used to respond promptly; but no more.
It is always a troubling sign for investors when a company is not being viewed as transparent when things like a falling shareprice trend extends over a period of several months like TAAT is doing. All we have seen lately from Setti is promotional videos that are not impressing investors.
MinerCPA: Don't hold your breath waiting for the company to release "sales ,reorder rates, and other pertinent financial data". I believe TAAT is in trouble because sales have slowed and management doesn't want to talk about it. We are still two months away from release of the year-end financials and the shareprice decline is accelerating today.
Fortunately for me, I started to sell my TAAT shares a while ago because I have seen this "promissing junior startup" story play out many times and the odds of success are poor.....not impossible just rare. Sadly, I predicted this scenario many months ago but didn't post about because I would have been called a basher.
Good luck if you chose to hold and right out the storm. I think things could get a bit rough over the next few weeks.