Instead of a fair apportionment of dues, those with the least end up paying the most.
From the letter, 5 shareholders spoke for over 20,000,000 shares, ie 4,000,000 each, and as such would pay $1,000 each for a total contribution of $5,000. However, 200 shareholders with 100,000 shares each would contribute a total of $50,000. Even using 99,999 shares each the total contribution would be $20,000.
What's wrong with $1 per 1,000 shares or part thereof?
Where is the "leadership"?
Years of complaining and still seeking others to it all. Wouldn't there be an inkling of credence had they come to the board and demonstrated their capabilities by stating that an escrow account had been opened by them, into which a fair contribution had already been made eg $20,000 ($1 per 1,000 shares held) and requesting others who wanted to could contribute on an equal basis?
A clue as to what the "Fund" was for would have helped. Is it to pay for drinks, snacks, and a round of golf at the next shareholder meeting, for example? Who knows?
If this effort is indicative of how to manage PTSC, I'm eternally grateful for the incumbent BoD.
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Be well