Parks! America, Inc. Issues 2024 Shareholder Letter - Seite 2
From a financial standpoint, our strong balance sheet is being negatively impacted by the frivolous claims from Focused Compounding, diverting valuable resources from the revitalization of our parks and shareholders. Focused Compounding is not qualified to run Parks! America, or any public company for that matter. To this point, FC has not presented a cogent strategic plan on how they intend to operate this company more effectively and profitably. They expect blind faith on the part of the shareholder base that they will successfully operate this company and enhance shareholder value. The FC team has no experience in operating a wildlife safari entertainment company and they have no experience in running a public company and all it involves from an operations and regulatory perspective.
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But they are looking to take control of the Company to benefit themselves in some sort of a “liquidity event” transaction and “cash out” as they take advantage of existing investors that look at their shares as “free money” since the previous CEO did not manage the Company to grow and thrive. This Board and management team are dedicated to building a well-run company with transparency and best practices in corporate governance. Importantly, the two leading independent proxy advisory firms, Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) each RECOMMENDED that PRKA shareholders vote “AGAINST” all FC’s proposals.