Dear Mr. Rohan Marley,
I feel it's more important to address this letter to you instead of Mr. Toevs.
Our publicly traded company recently issued a shareholders letter to shareholders. I would like to focus on one sentence of that letter, because based on my experience with penny stocks, this sentence represents THE MOST IMPORTANT time in our stock price history. (notice i did not say 'company' history)
Let me first start by saying how extremely disappointed i am in the fact that JAMN has decided to again deal with convertible notes in order to fund the company. Especially when Mother Parker is involved and the Marley name is involved, i am shocked that JAMN can't find a non dilutive funding source.
Now, directly to that 'sentence': "Recently, the company closed a handful of short-term convertible debt notes. The company's goal is to pay these notes back in full before they convert"
Let me state, CLEARLY, that if you do NOT pay these notes back, IN FULL, before they convert, SHAREHOLDERS ARE DOOMED. With my little experience in penny stock investing, when companies get involved with 3 or 4 different dilutive financing companies and these notes are not paid in full, the stock price gets DESTROYED and LONG TERM SHAREHOLDERS LOSE 75 to 95% of there value. (also realize that current longterm shareholders are already down 25 to 50% on there investment in the last few years)
Nothing else matters, you could exceed your expectations of 17 million for the year and get to 20 million in sales and possibly 40 million the next fiscal year, it will all be for nothing when it comes to shareholder value.
Please, PLEASE, take this letter seriously and please realize that you, MR Marley, could potentially be PROFITING and taking a nice salary on the backs of current suffering shareholders and future shareholders who are not aware of the potential shareholder pain of dilutive financing.
I am directly addressing this letter to you because of the little i know about you, i find that you are a man of integrity and fairness and i am confident you will not allow what i described above to happen to shareholders of this MARLEY company, JAMN.
Sincerely,
al
a longtime shareholder
