RE:Email Message from CEOlscfa wrote: Just received for those on shareholder email list.
I have lost faith in Slyce, and its management, quite a while ago. As a shareholder, I have yet to receive any documentation, either directly or indirectly, regarding Slyce's Dec. 21 meeting and vote. I had to take it upon myself to contact the investment firm that I deal with, just to obtain a control number so that I can vote online.
As far as I'm concerned, Slyce is a lost cause for its retail investors no matter what transpires. IMO by voting in favour all that it would accomplish, would be to allow the principles an opportunity to prosper at the expense of the shareholders. The mere fact that shares will be consolidated 1 for 20 should make that very clear. Currently at the price of $0.01 per share it can not go any lower without the company going bankrupt. However if we allow the shares to be reduced to 1/20th in number, it would be just a matter of time before the price would drop, possibly back down to $0.01 per share.
Just reflect for a moment, if one had owned 20K shares at their all time high of $1.12 per share, they would have been worth $22, 400. Now fast forward, at their current value the shareholder has only $200. Now picture this, if consolidated, that $200 could be in short order eroded to $1 dollar. Not a pretty picture is it. Well folks that's what I believe will occur.
Like I've stated numerous times before, this is a "chell game", with the only winners being the insiders. I've accepted the fact that I've lost my entire investment, therefore I'd like to see Slyce's insiders go down along side me, rather than allow them to jump into a life boat, sail away and start another one of their ventures.
Ventures such as Vogogo and Slyce have to be nipped in the bud, and not be allowed to inflict damage to honest investors.
For what it's worth, that's how I feel, and unfortunately I don't think I am wrong on this one.