I may understand why they want to hold on to cash to grow the business over time, but not spending some money on their website, traveling to meet with investors, or providing more frequent updates show their investors they just don't care. Even bring in a professional IR person with business expirences would be an improvement.
Does anyone know why the BOD message on there website has not been updated in a longtime. It still references the following:
2. On-going litigation. We believe the company has provided sufficient evidence of each of the allegations asserted against it and continuously has defended itself from the start. Nevertheless, we believe that the market will continue to react negatively until the litigation is resolved.
If I was a new investor and read this, I wound be concern.