Whining or even crying feels may be appropriate when looking at a loss, yes, beyond $100k. The PR's you refer to are aimed at the media, not communication from the Company's to its investors. As for those attorneys, they contact shareholders with their pitch. Thus my point remains: the Company should communicate with its valued shareholders, primarily for reassurance and secondarily to minimize plaintiff recruiting. .
Of course a letter absolutely should be issued. For example: "This is confirm that you are a shareholder of record. We are unable to share details but appreciate your patience. We wish to assure you that you are recognized as one of our valued and appreciated investors."
The lack of communication has shareholders such as myself very uneasy. Particularly in contrast to communication and offers coming from law firms seeking us out to join as plaintiffs.
The Company is handling this POORLY and UNPROFESSIONALLY. The Company is inadvertently, by its silence, allowing its valued investors to be prayed-upon by law firms who intend the Company harm. You cannot help but wonder WTF the Company is doing in choosing silence.