AHHAP - long term strategy to address lack of disclosure
Okay guys visibly Accredited's management doesn't disclose too much info to us. They even removed the link to the "investor relations" website, replacing it by "Real Estate for sale". So, the question is, what do we do:
OPTION (A) : BE PASSIVE.
We do nothing, unless on the first day of September the divvy is not paid. As long as divvies are paid, we sit back and enjoy the divvies. But that also means we're not seing the 25$ liquidation value any time soon....
OPTION (B) : BE ACTIVE
To avoid being subject to Sarbox, a company must have lower than 300 (or was it 250?) shareholders of record if I remember correctly. We contact IR and/or LS spokesperson (I think it's Ed Trissel?) and tell them listen, unless you start updating us on what exactly you're doing, we're going to massively register our shares, become shareholders of record and make you subject to Sarbox.
In the most extreme case, someone who's zealous may create 300 trusts that hold a small number of shares each. That strategy would probably need a bigger holder.
So, vote and discuss : (A) or (B) - and why?
P.S. Sorry I've extremely busy lately....couldn't post. Very, very, tired.
Maybe someone should take a census. My wife and I each hold shares in separate accounts, so there are two shareholders. Plus several others on this board. Then there is some reasonable volume on this every day, so I find it hard to believe there are not many many more than 300 people who hold the more than 4 million shares of this stock.
My suggestion is to cool it until we see any problems with the distribution of the dividends. The 2000 shares I hold are in a cash account thus I would not hesitate to withdraw them into a private bank account to force the issue whether or not there are more than 300 holders of the stock. It would be great if somebody has access to DuPont pension management people to collaborate on this issue.