Friday, February 12, 2016 7:55:18 AM
From the shareholder letter in AUGUST 2015
"We continue to see extraordinary opportunities in front of us, and our technology focus is an essential aspect of our plan to build shareholder value with those opportunities. We believe that our existing and planned new acquisitions and technologies collectively, on an integrated basis, provide us with the ability to create new recurring revenue streams and enhance existing retail margins. We will speak more to that in the coming months as we execute our outreach plans.
In the meantime, despite our silence for the last month, this has been an exciting summer with the completion of the Plaid Canary Corporation and Grow Big Supply LLC acquisition – a transaction expected to bring in excess of $5 million in annualized revenue with targeted operating income margins of about 5%. We believe that the completion of that transaction has helped us to negotiate for investment, restructuring, licensing and acquisition terms at valuations much better than our current stock price. We hope to complete those over the next four to six weeks and will provide further updates as appropriate.
We are grateful for your continued support and we look forward to our next communication. "
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