It becomes a matter of principal.

Almost all companies large and small are obligated to hold an annual shareholders meeting. The shareholders have a right to know the status of the company operations and the financial condition.

I realize it is expensive for our low cash position company but not informing the investors is inappropriate. The cost could be offset by not giving raises and particularly not granting stock options. These two items can be delayed until the operations can support benefits of this type.  

The annual meeting is supposed to review the business in terms of successful events as well as report on those situations that failed to materialize. It has nothing to do with the share price since most of the strategies and actions will have happened prior to the meeting.

I also feel that shareholders have an obligation to provide comments regarding   positive events, complaints where justified and comments related to management, the BOD, and specific issues that may have a substantial impact on the business. Because our patents have become a major topic of discussion and with the retaining of Duane Morris, it is critical that the company keep the investors informed with current information, and perhaps a representative from the law firm should be present for additional discussion.  

Another aspect involves voting on key issues while attending the meeting or by proxy. Allowing management to present these issues and having a dialog with those at the meeting is important.