Excellent! I finally received a communication from Mr. Michael Hill, CEO at STTK... and he's given me permission to share his communication - as the information is already publicly available. Paraphrasing, here's what he had to say:
- Folks at STTK believe the company's stock is undervalued... but they can't control that - All they can do is stay focused on managing their costs while growing their business, revenues and profits.
- Their primary focus has been on raising additional capital to remove prior financiers, and to generate cash to execute their future growth strategies... which they have recently completed.
- This effort was important to allow their market cap to appreciate and afford the opportunity to execute our overall growth and M&A strategy.
- Their vision is to focus on the fundamentals of their business, and improve valuation over time. (Amen Brother! I like that.)
- With capital issues resolved for the time being, their current focus is to work aggressively to increase their existing distribution on RadioLoyalty as well as commercially release their new products; plus, they have put a large focus on growing their international distribution capabilities, as well as growing their domestic audience.
- They have had their hands full with the recent launch of their licensed partner www.scratch.fm; and they are now looking forward to the launch of their artist/band portal www.streamtrak.com, mobile application platform www.robotfruit.com, and their ecommerce enabled video player www.watchthis.com.
- They are very excited about the coming weeks and months ahead, and look forward to updating their current and potential future shareholders on the above matters.
- Regarding my question on when we can expect a new PR explaining their debt situation, he responded: "We will be disseminating press in short order. I cannot inform you of the contents of the press but I hope that it address many if not all of your comments. We try to distribute information that is news worthy and that we believe shareholders and investors should or want to know. We will continue to improve our overall communications to the investment community."
I was a long before... and there's no way I'm bailing now. I like the way he's explained his company's past and current focus. Once again, I'm feeling like this is a well managed company, with solid leadership.
