The investor group that recently filed a proposed Information Statement with the Securities and Exchange Commission has responded to the press release issued by Sunair by filing as an exhibit to a recent filing the text of a letter they have sent to Sunair’s board. In the letter they state that they have non-binding letters of commitment representing a majority of Sunair’s outstanding shares. They state: “The bottom line is we all want to see our investments protected before they become worthless as have your other public deals.”
The rhetoric has become pretty strong and you can expect it to continue until something defintive happens. Here is the full text of the new letter.