ANOTHER GEM FROM BILL McINTYRE, THE CAMP HILL RESIDENT WHO KEEPS LAWMAKERS ON THEIR TOES:
To: Friends of Responsible Government Subject: Congratulations!
Dear Friends of Responsible Government,
Congratulations! You are a stockholder! As an owner of common stock in a publicly traded company, you would receive or had available the usual financial reports such as the Annual Report; 10-K Report; 10 Q Report; 8-K Report; the Income Statement; a Balance Statement and a Cash Flow Statement. If you had any further questions about how your company was being managed, you would simply call the company to obtain the answer. Not in Pennsylvania. It's top secret here!
Condolences! The stock I refer to is not publicly traded nor is it profitable. How did you get this stock? You were either born in Pennsylvania and live here presently or moved here and inherited our closely held, not-to-common stock. At present, you have to prove you're worthy of receiving the above reports. You're not entitled to them as the present laws stipulate.
Fair? Not really. Our Board of Directors (the Legislature) is presently debating how much information we’re entitled to. Once they decide, they will send it to the Chairman-of-the-Board (the Governor) for his approval.
As owners of this not-to-common stock; what recourse do we have presently? Only one! Vote the Board of Directors and Chairman out and replace them with individuals who think like us. That is, unless they can come up with a fair and justifiable Open-Records Law.
We, the stockholders of Pennsylvania's not-to-common stock, are not concerned with our employees Social Security numbers or health information. We are concerned with how our money is being spent, on what and by whom. We're concerned by what our employees (all government officials) are doing and not doing. We are entitled to know! We pay the tab! To many of us, it’s our biggest stock investment.
The Securities Act of 1933 of the Federal Government required public companies to report financial and other significant information to investors on a regular basis. Shouldn’t Pennsylvania do the same for its stockholders in 2007, 74 years later? Must we report the violations to the Securities & Exchange Commission (SEC)?
All we ask is transparency; the knowledge of what's happening within our closed company of Pennsylvania. As the major stockholders, we’re entitled to no less. When? Now! Yesterday!!!
A sincere stockholder,
Wanting to sell; No buyers (wonder why?)
CC: Executive, Legislative & Judicial Branches of PA’s Government
All sensible stockholders + fortunate non-residents in my address book