KIDDJJ Newsletter from RB:
I copied this from RB. It's a psot by a fellow that has been involved with SGI for quite some time.
The question of the Annual Meeting has come up time after time. It is of my opinion the meeting should be put off. My reasoning for this opinion is of the following. S.G.I is under a non-disclosure agreement and confidentiality agreement. While it is my opinion the deal WILL be done by July 13th, at this time it is not. If the meeting would be held on July 13th, and if the deal was not done, Mike Rose could not answer any questions regarding the intricacies and status of these negotiations. You the shareholder have the right to ask these questions and to be answered. The frustration if this did occur would be intolerable.
Status of Fund Raising
It has been reported that S.G.I is out of money. This is simply untrue. While it has been extremely hard in this environment to raise the capital that is needed, money has been secured. It is that, of my opinion S.G.I has the money that is needed until the deal is signed. I must say one other thing, if I did not believe in SGI’s technology and the management team, I would have let this company go bankrupt long ago. I have put family, relatives and personal friends into S.G.I. thus showing not only commitment to S.G.I but to the shareholder. It has been at times hard to get motivated, I am only human. Sometimes you may have to fight a battle more than once to win it. When things looked the bleakest and I was at wits end, you the shareholder came through once again. When delays after delays have occurred, you the shareholder have been still supportive.
The Deal
This is where I have to be very careful, and I hope you will understand. I do not want to compromise these negotiations in any way. While saying that, I am of the belief that you should not be left in the lurch. Here I go!...Approximately 2 weeks ago, the landowner, the utility and SGI met. It was an all hands-on meeting. The meeting as I hear it was a major success, all personalities involved agreed that this deal is good for all parties. There has been a multitude of phone calls back and forth to resolve the language in the final issue. It is my opinion that all parties involved are hunkering down and will bring these negotiations to fruition very, very soon. S.G.I has been in contact with all of the mentioned above on a daily basis. It is all so close. It has taken a lot longer than all of have wanted, deadline after deadline has been missed. You can take this letter for what it is worth. I know I will be chastised by some. I have been always honest with you. I have made mistakes and I do believe that the man who makes no mistakes does not usually make anything. Lets give Mike Rose and the S.G.I. team the respect and backing they need. They need your support as do I. I hope with-in the next week or so this board will be rejoicing with the finalization of this deal. I also hope that the bashers see no benefit in castigating S.G.I, it has no benefit, but sometimes Common Sense is not so common. The deal is alive. Let’s bring it home. .....................KiddJJ.........................
Disclaimer: I have been paid in the past as a consultant, do your own due-diligence before making a decision
Al
