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.
Delisting looks unavoidable but it is the lack of communication from the Company is the real concern. The investors still have shares and equity rights regardless of listing on an exchange. But, what is the Company's intent? Where is a Company Press Release or Shareholder letter? The Company is dangerously negligent in not communicating with its investors, whom have supported it. Myself included.