I sent an e-mail to investor relations concerning ROI expressing my frustration with this stock. Attached is their response. Does anyoner have the report from LOM
Hello, I own a large block of route 1 shares in my portfolio. I have been concerned, lake most shareholders about the poor performance of this stock for some time. In September the new management team promised the shareholders that they would response to the previous boards allegations of non performance in a couple of weeks . The shareholders I have spoken to and myself feel that nothing has changed and that there is no response to those charges, which were PROMISED by andrew back in September.
What is going on with this company and why is there no news as promised and no forecast of business like other public companies. Is andrew going back to his self centered approach of management????
ANY information at this time would have a positive response from the shareholders!!!!!!!!!
Blizzard
Response:
Thank you for your inquiry.
The Company's Board of Directors issued a news release last week with an update on reporting the outcome of the review and investigation of the allegations made to Andrew White. The Board will be reporting and issuing a news release on this matter prior to October 30, 2009.
Further, this is a review by a special committee of the Board, thus the timing and process is not controlled nor driven by Andrew.
Since September 24th, the share price has stabilized and regained some upward momentum and a number of successes have been realized including:
1. New analyst coverage by LOM with a 12-month target of $0.46;
2. Closing of a senior debt facility which addresses the working capital requirements of the Qwest Government Services contract.
Please don't hesitate to contact me with any further questions.
Best regards,
