Smart Ventures Inc. (SMVR)

[Drugdoctor]

Yes I did, and I would expect some follow-up now - 2 and 1/2 months later...That letter made a lot of forward looking statements, so I will put questions for the follow-up shareholder letter in Bold..

Dear Fellow Stakeholders,

Smart Ventures, Inc. is on a path to tremendous growth and increased revenue. In our efforts to create greater shareholder value, we initiated several strategic business plans which included development of a midstream transportation division and Cannabis Funding Group.


We acquired a fleet of tractor trailer trucks, secured contracts to have the trucks put into service to generate more revenue in the company. We look forward to reporting this revenue in the second quarter.

How many trucks? Secured contracts with what businesses? Who pays the drivers?

Our Cannabis Funding Group has received several calls and letters of interest from companies in the cannabis business seeking strategic funding both in the US and Canada. We have also had meetings and discussions with several institutional investors for direct investment in both Cannabis Funding Group and its parent company Smart Ventures, Inc.

Yes, we keep hearing about "funding" and "institutional investors", but what about the private placement? And Cannabis Funding Group... Wednesday's PR looked great, but has there been any actual input to the funding company?



We are continuing our efforts to grow our drilling services division through new technology offering additional services and marketing.

Tell us about the "new technology offering additional services and marketing" Exactly what is NEW? What is being offered? Is the "new technology" patented?

We are discussing possible distributorship agreements with oilfield equipment suppliers. As a distributor we would utilize our relationships to sale products and earn commission revenue for the company.

Distributing what products exactly? And you sell products, not sale products.. And what oilfield equipment suppliers?


We are also conducting due diligence on several potential acquisition candidates to increase revenue, assets and profits.

Well that's NEWS - How is that going... Acquisition candidates in what space?

We are now planning to retain an audit firm to prepare audited financials for us to become fully reporting and take necessary steps to qualify for up listing to the OTCBB.

That's commendable, so... did you hire the audit firm? When can we expect audited financials? Are you still projecting 2014 OTCBB uplisting? If so, we should be seeing those "audited financials" very soon, imo..


So the CEO wants to create shareholder value with his new company, and that's exactly what he should be doing with the company in my opinion... But instead, the stock has been falling, as I don't think he has instilled confidence in investors to buy and hold the shares, so they are falling as investors who bought on the PR's give up and cut their losses as the stock falls of its own weight.

All those REVENUES and PROFITS in the 10Q look great, but they would look much better if they were audited...

And getting into the the "gold mining" business would be a bad idea, imo, as that business takes tremendous capital investment, and years to develop, and I just don't see it here... If you know oil and oilfields, then stick to what you know, imo...

So the OTC markets are changing rapidly as the SEC is cracking down hard on companies that aren't fully disclosing financials and share structure and being truthful with operations...including Press Releases.. Just compare the totals now, with a couple of years back, of suspended companies...

http://www.sec.gov/litigation/suspensions/2014/34-72462.pdf

So investors are pulling back on questionable companies, and the volume of $$$$ coming into the OTC's is way way down now... Only real, growing, fully reporting companies are going to make it...

Let's hope SMVR CEO Roger Smith understands the nature of the game has changed now, and what he will need to do to actually "create greater shareholder value" will be to be truthful with investors, follow through with his press releases, and to get those financials in order and keep them in order...