Dear XXX
I am a share holder of Southern Energy like you, the only difference is I was an original investor in the company.
Myself and several large investors have gotten together to try and bring SOCI back to trade on the OTCBB and Frankfurt exchanges. To date with the help of Mr Ricardo Munoz, the President of Southern Energy, we have funded a new securities lawyer, Anderws Hudders of a large New York firm, a new auditor, Daniel Lafley, CPA of M&K CPAS, PLLC and have answered all question to complete a new set of audits. We expect to file an S-1 filing with the SEC and a 15C-211 filing with Finera within days.
Our group of investors has also kept the Lota Coal Concession in Lota Bay Chile in good standing and once the company is trading again we expect that with the expertise of consultants and large shareholders, we would still expect to develop the project.
We have been in touch with the Chilean Navy and they stated that the pier and the surrounding area that was to be used to recover the coal has not been damaged as much as most areas by the major earthquake of last weekend that was centered some 60 kms from Lota Bay. The timing of the project will now depend upon the reconstruction of the road and railway system in the area along with the trading approvals of the SEC and Finera.
Please send myself any question you may have of Southern Energy as Mr. Munoz is very hard to communicate with as his house was partially destroyed and he is still without power, only a cell phone for communication.
Thank you for your inquiry to Dr. David Shaw who has been such a great help in our going forward.
Take care
Norman Newsom
