Silver Star’s Board is entrenched and in a desperate attempt to retain control have violated the law. This information is appalling in its’ brazen lawlessness. Even I, after all I’ve seen of Silver Star’s Executive Committee legal warfare, obfuscation, missteps, and untruths, am shocked at the following.
Silver Star has released a press statement that the Inspector has completed the vote count of the 2023/2024 Consent Solicitation to shareholders. The press release is intentionally misleading as it does not include the Consent Revocation by the Hartman Group. The Hartman Group received revocations from shareholders representing approximately 30% of outstanding shares. If Silver Star’s assertion of obtaining consent from shareholders holding 51% of outstanding shares is even true, that would mean they may have obtained the support of only 21% of outstanding shares after all revocations are considered. It is possible that approximately 30% of revocations obtained relates to some shareholders that did not vote, but we do not think holders of 51% of Silver Star’s outstanding shares supported this vote, and we believe for Silver Star to say so is simply untrue.
Silver Star Executive Board publicly lied and misled shareholders with a purported “victory” we believe based on their disregard of the revocations, and concealment of the actual results. They have filed a Form 8-K with the SEC with their falsified Consent Solicitation election results, adding to their long list of regulatory violations. Silver Star Executive Board lie and mislead again and again with shameless abandon and do not deserve the benefit of doubt or our trust. Our investment has become a company run by lawyers for their own benefit. This will end.
Sincerely,
Al Hartman
