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Universal Security Instruments Inc. Message Board

  • mmmparsley mmmparsley Nov 14, 2007 11:57 AM Flag


    Management needs to be more forthright about when earnings is coming out. Please joing me in demanding greater transparency.

    Earnings will be out SOMETIME today, but they won't specify a time. So, as an owner of the company, management doesn't feel it necessary to inform me regarding the timing of investor events?


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    • MMM, you are preaching to the choir. I agree with you. See my post from several days ago

      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%.

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