May 20, 2013
This requested exemption is just the latest in a long line of moves to deny shareholders any financial or relevant information on THEIR company.
The only correspondence I've received since the six preferred dividends were missed triggering the provision for the preferred shareholders to elect two members of the board, has been, first, the notice of the meeting and the nomination form, and second, a notice that there was no quorum, and the meeting was cancelled. My guess is that management and related parties hold over 50% of the stock insuring impossibility of a quorum. The SEC report is the only chance we have of ever knowing anything relating to our investment.