TDYS Merger
March 3, 2017
As we have reported, your Company is very close to listing on the OTC Markets.
To make the listing process as easy as possible, we will soon complete a reverse merger of OTE and TetriDyn Solutions, Inc. (TetriDyn) (TDYS), a public company trading on the OTC Markets. The merger is almost complete and now requires a majority of our shareholders to vote and approve the merger by March 14, 2017.
We anticipate being a fully public listed company on the OTC Markets by the end of this month or very early April. We will be the first, and only, publicly traded OTEC company in the world. With the successful listing, we believe that we will not only be able to offer our shareholders liquidity, but position your Company to attract the investment capital we need to pursue the many OTEC/SWAC projects we have at various stages of development.
We have entered into an agreement to merge with TetriDyn. The shares of TetriDyn are being adjusted, which will increase the share price to over $2.00 per share. When we finalize the merger, you will exchange your existing OTE shares on a 1 for 1 basis for the new public company shares. So, if you own 100 OTE shares now, you will own the same number in TetriDyn shares, which will be renamed ‘Ocean Thermal Energy Corporation’. This is what’s commonly known as a ‘reverse merger’.
I have enclosed the Information Statement and Merger Agreement as we need a majority of shareholders to agree to the merger and public listing. Please pay particular attention to page 4 of the Information Statement, the Instructions page, as this explains how to vote and approve the merger.
By way of background, your Board of Directors has unanimously determined that it is in the best interests of OTE and its stockholders to effectuate a transaction whereby OTE can efficiently access public markets and provide liquidity to its stockholders. Rather than engaging in the lengthy, distracting, and expensive process of an initial public offering (IPO), the Board examined various existing public entities with which to merge. By merging into an existing publicly-traded company such as TetriDyn, our business can continue uninterrupted and effectively become a publicly-traded company by virtue of the merger.
Your vote is very important, regardless of the number of shares you own. The merger cannot be completed unless a majority of the OTE stockholders approve the Merger Agreement and approve the principal terms.
To explain the merger and how it benefits us all to become a public company, we will hold a series of short (1 hour) conference calls. The dates and times of the calls are:
Wednesday, March 8, 12:00 p.m.
Thursday, March 9, 10 a.m.
Thursday, March 9, 1:30 p.m.
Please RSVP to one of the above times by filling out the form HERE.
We will answer your questions during these calls. You can either submit questions on the form, or email your questions to Becky Cooper during the call itself.
We look forward to explaining more about this exciting opportunity.
Best regards,
Jeremy P. Feakins
CEO & Chairman of the Board
