What does the Company do going forward? In order to begin to rebuild we must rework our capital structure and clean up our balance sheet. We must change our business model to one that can generate near term cash flow and requires only modest amounts of capital. Management has commissioned consultants to assist in various corporate functions, including corporate strategy. These consultants bring strategic and financial resources to the Company and have funded some of our corporate obligations.
It is our intention to catch up on our filings with the Securities & Exchange Commission as quickly as financing allows.
The Company acknowledges and appreciates the contribution of the Officers who have served RKO Resources Inc. We hope to attract high caliber management as we reposition the Company in the coming months. We are committed to building shareholder value.
Sincerely,
RKO RESOURCES INC.
Name: Henry Riedl
Title: President & CEO
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