Update on recent activities with STOA and clarification
I appreciate the good words on the board. However, there needs to be some clarification on the recent filings and other matters.
Firstly, the updated 10Q's are a matter of housekeeping that was done for the benefit of investors and the SEC. Those are necessary to provide a clearer picture of past filings as well as provide auditor confirmation of financial controls.
Secondly, as nice as it is that some of you post my past work history, I'd appreciate it if you'd not do so because frankly speaking, it has no relevance to what I'm attempting to do now with STOA. As I've said before, and I stand by this, past accomplishments and failures too, have no bearing on future results or success. There is no guarantee that anything I set out to do will create value.
Thirdly, the authorized shares are indeed a concern and I've said that it is unnecessary to have such a large number. However, I'll have it amended when there are several other major changes made as it will be part of a larger initiative.
As mentioned previously, I am indeed working on a number of things that although they sound generic in nature e.g. M&A, restructuring etc., I will not announce them until they are definitive.
The problem with the previous management was that there were several attempts made on larger corporate actions and they announced them when they were still in early stage and this in turn gave expectations that were dashed when things fell apart although never clarified with investors.
I'm sure this is not what prudent investors want/need to hear rather something more definite and solid. Therefore, I'll wait and do everything in one go and only when it is ready to bear the review of the regulatory bodies.
Thank you for the support and best to all.
