I caught a lot of grief for this with excuses about how this company can not afford to do the necessary work to report earnings in a timely manner.
You are absolutely correct. Mr. Grossblatt can afford to pay himself well over $2M, but he can't afford to communicate clearly with shareholders. I have already cut my position significantly because of this one issue. I will probably not be a UUU shareholder by the end of the year. Why should I put up with a management team that has no regard for its shareholders when there are so many companies out there where that is not the case.
Across the board, investor relations in public companies needs an immediate overhaul. If a company does not have a live IR representative that can be reached by their investors during a business day from 9-5, they should not be allowed to trade on a public exchange.
Executives, in general, who have insulated themselves from their investors should be criminally charged for their crime.
Many (most?) microcaps without conference calls don't announce an earnings date. It would be nice to have the info, but they're just following the norm. That said, it wouldn't be a bad idea to spend a couple bucks to issue a press release in the name of good investor relations, especially when your stock's down 50%.