from a few days ago-Below is an email response from ceo that was sent to RickC, bobky, and myself in response to an email that RickC sent..
> STEVE- I sure Hope I am NOT Making a PEST out of my self ,But I send
> these things to you to keep you informed as to the latest thoughts
> of shareholders. looking at this piece below you sent me-------
> " We do intend to do press releases on these topics, so this
> information
> is more formal and wide-reaching. To that end, we are waiting at
> least until next week, so that our IR folks can make sure PRs reach a
> wider audience to maximize their effect."
> NOW READ THIS-
> Posted by: iwant1mil
> Date: Friday, August 15, 2008 10:09:12 AM
> In reply to: BOOMER69 who wrote msg# 9478
> Post # of 9505
> I don't trust SMAS anymore. It's been in the bottom gutter nearly
> dead for too long with no word at all from management. Now all of a
> sudden it comes back alive with this great plan to make money for
> shareholders. Be careful, it could be a trick just to sell more
> shares. It's beginning to look like JMON/JMCP that spiked to .0002
> then back to .0001 only to find out they had pumped to dump 50B
> shares.
>
> AND THIS-
> Posted by: BOOMER69
> Date: Friday, August 15, 2008 10:24:23 AM
> In reply to: Dusty2 who wrote msg# 9487
> Post # of 9505
> agreed a good PR would be great but patience will be rewarded. have
> been in SMAS for close to a year and would prefer a PR that rocks
> this thing instead of fluff to appease shareholders.
> Can you tell us WHEN shareholders will see a Press release/ we hope
> the Auditors can tell the company of a way to get the PPS moving for
> us all. Many are starting to think the COMPANY IS DUMPING SHARES on
> the Market.
> I believe without a GOOD Press release we will crash & Burn. And no
> one will touch this stock again. I await your reply. Regards. Rick
>
>
Rick,
Thanks for the information and your questions. We do expect to
release news next week. We certainly are not wanting to ignore the
good will and don't want any positive momentum to crash. We do our
best with PR, and sometimes news we think is minor is a giant hit and
sometimes news we see as really important for profitability does not
resonate with shareholders. Other times we get it just right, and
will keep always striving to do so.
We are not dumping any shares. There haven't even been any sales on
the open market of new shares since 2007.
I understand shareholders' concerns about dumping. However, I really
fear misunderstandings about our actions because the false panic they
create can hurt all the shareholders. There have been times in the
past when we did sell shares into the market and they actually helped
improved the stock's performance. And there have been other times
when people have been convinced that price losses were the company or
its affiliates dumping and it was absolutely untrue (in fact, that
worry may have given pump-and-dumpers a "cover" under which they could
dump without getting noticed). I don't think the misunderstanding or
misinterpretation of the facts helps the shareholders or the company.
I am not disregarding shareholders' concern about pps or dilution.
I'm just communicating some facts, and asking for all shareholders
(who are invested and interested in the success of this company's
business and stock price and market value) to work with us to grow the
stock and company based on the facts and fundamentals. I think
there's an opportunity in SMAS for shareholders to see the price grow
and the company's business to grow.
I did have a few minutes this morning to look at the Boards, and it
seems like there's a lot more activity from new posters. I think
that's great! We always get excited when new people learn about us.
I think I saw some questions about the fundamentals of the company,
and I think some of their concerns can be allayed by learning more
about us. It's another hectic day, but I can probably shoot short
answers back to basic questions if they can't find the answers through
other means.
For example, one of the questions I'm talking about is someone
wondering about all the name changes. That's nothing to worry about:
We were a private company in Massachusetts for many years. Then, in
2006, we went public via what's called a Reverse Merger (NOT A REVERSE
SPLIT!! -- we have never done a reverse split as long as we have run
this company). A reverse merger means there was an existing company
that had ceased operations (and was in danger of dropping off the
market entirely). Our company purchased a controlling interest in it
and merged. The public company became a legitimate and bonafide
operation once again, as Somatic Systems, selling the products and
services that we worked for 2 decades before that to research and
develop.
This is a very common way to go public nowadays -- in fact I think
most companies on the PinkSheets got there via Reverse Merger. It is
much more affordable for all involved, and doesn't require all the
downsides of involving venture capital in an IPO. It's also how Pink
Sheets investors have an opportunity to get in on the ground floor of
something huge. You can go to the Amex and invest in a bigger
company, but the costs and returns are generally not nearly as
desirable (and I think economy and news recently has shown that the
risk can be just as high or higher in these so-called "more
respectable" markets and companies). Remember that, as I understand
(please correct me if I am wrong), Turner and Viacom both got their
start on the PinkSheets.
Before we went public, the old public operations went through a few
name changes as it passed through different ownership, control, and
management. The operations affiliated with those phases (car repair
and mining, as I recall) were A LONG TIME AGO and are completely
separate from the current company. We were fortunate and grateful to
acquire the public company we did -- it was incredibly clean and well-
ordered, with no baggage or liability -- and in our management of we
have been very diligent about maintaining that same integrity and
enhancing it further through vigorous attention to our internal
records and external registrations.
I can't promise I'll have more time today but feel free to get in
touch again, and I'll try to respond.
Steven Aronstein, CEO
Somatic Systems, Inc. [OTC: SMAS]
32 Masonic Street
Northampton, MA 01060
413-586-2555 x2217
Web: somatics.org
Email: steven.aronstein@somatics.org
P.S. I want to reiterate that any dumping going on today has nothing
to do with us. I don't claim to be an expert on the market, but
haven't most folks offered the explanation that there is currently a
"fight" between the sellers who want the price up and the buyers who
want to get the best deal? Doesn't this usually happen in cycles when
a stock price starts pushing itself upwards to higher price increments
(as some sellers start raising their expectation, some buyers want to
grab what they can at the old price, and some shareholders dump stock
they've wanted to get rid of for a while)?
Also, the stock just started moving this week after months of
inactivity. I hope shareholders can be patient, because we haven't
even started promoting the company yet. There are bound to be lulls
(especially on a Friday -- in the summer too). The good things that
happened this week are likely just the beginning of bigger things to
come.
Plus, remember that after 8 months, our price doubled in just one day
and only $14k in trading! We can all work together to keep investing
in the short-term and long-term, and see Somatics really soar!
