This unsigned letter was passed to me by an acquaintance; this aquaintance received it in the mail in an unmarked envelope.
It's contents are interesting reading.
The letter reads:
"A few short days ago, while in Peoria, I was introduced to some stockholders of the Peoria Chiefs baseball team. I was very much taken back of what happened to the original group of stockholders' money. The most sad thing is not anyone can find out or exercise any litigation to find out what happened to the money invested in the original team. It seems as though a few people have complete access to this very important information. These people - some who have invested 60,000 - 70,000 - 80,000 dollars -- have nowhere to turn to get any information on this very important investment.
There is one family who has all of these properties: Salaries, benefits, who owns shares and net worth, debt of corporation,(it is a limited liability corporation), Ground (ballpark) who owns it?, what is it worth? This organization has not provided stockholders with any information as original stock is watered down, so are they worthless paper? A lady who needed her money very badly invested 60-80,000 dollars was told it has no value and was offered very, very low return to sell back at pennies on the dollar.
A very well known and respected family has all the answer to all these questions. Are they afraid to tell all if there is nothing going astray? Please bring forth something that will have some meaning for a lot of these people who invested in the original.
Who knows, maybe there is a lot of hanky-panky going on. Maybe it is time to step up to the plate and confess your sins. Surely a family so important to the city of Peoria as this one has nothing to hide.
I for one --- representing a couple of people --- would like some answers. Surely the management and family know that we (I and a couple of investors) would like to have some answers.
Tell the city of Peoria, the citizens whose property it was originally, and all interested parties what you have to offer.
I remain - an interested bystander"
This is a reprint of the document handed me by an acquaintance, knowing I was a Chiefs original stockholder, who recived the document unsigned in an unmarked envelope. I would let the writer, if i knew who it was, see my financial statement but I have not received one from Chiefs management in many years. I might suggest those who want answers and say they can't get them might want to contact a law firm who has had success in getting whatever stockholders information they seek from limited liability corporations, in this case, from the Chiefs management, a Limited Liability Corporation.
Interesting letter, indeed.