I have seen similar sentiments being expressed elsewhere and it's understandable how SEC rules try to guarantee equal treatment of shareholders and so on. But while it's easy to blame SEC for all of it, they haven't actually forced anyone to setup the company like that.I do indeed. Our frustration with dealing with the SEC is the extreme nature in which we are prohibited from discussing anything about the company publicly other than what is expressly indicated in the SEC filing. If we deviate even a little (even for the sake of clarification) we would face stiff penalties and fines. We have been advised by attorneys not to engage in any discussion unless it comes from our Board and we are in complane with SEC rules and regulations. Admittedly, I am not an expert either legally or operationally in the left and right limits of our corporate communications strategy nor the strict declarations made by the SEC. However, with that said, we recognize full well how in the absence of data, the void will be filled by something else. As such, we are working very hard to dispell some of the myths associated with our effort and it's my understanding we will begin to address some of these concerns (in a legally sound manner) in the near term. Uncle Sam does not take kindly when speaking out of turn (ask me how I know) and we certainly don't want to make any mistakes with the SEC.
I will ask our legal staff to help us develop a means to help clarify some of the ambiguity concerning the filing to see if we help clarify some of the common misconceptions in the comming weeks and months...point noted.
For example, it could have been a non-profit, free of such rules, free to publish information, free to engage with the community, and funded by donations. All those commercial aspects could have been a separate company, that could have more rules, and could have participated in funding that non-profit. It's pretty hard to see how combining existing businesses like they have been done now would be a benefit to the sort of things you have emphasized, but much easier to see why it would be done that way for the financial benefit of those existing businesses and their owners.
Your participation here has also been pretty much the only communication between any TTSA member and the community that I have seen. There has obviously been various media appearances by others as well, but not this sort of direct communication. Some people have tried to ask some questions through the TTSA contact form and posted the responses they got in various forums. All of them have basically stated that you can't say anything because of SEC rules, and given instructions to buy the stock. Your "Community Of Interest" page has a "Get involved" link, that just goes to the investment page. Even your press inquiries are directed to a PR firm. Your social media accounts do not seem to answer questions, except for the ToTheStarsInc one in Twitter, which is answering to some confused questions like this:
Is there any reason to expect the situation with the SEC would change in the future, and if it doesn't, how could you possibly build community relations with that sort of restrictive setup?