Dear Shareholders! The company would like to clear up a few issues that may have confused some of you. I realize that this post concerns the SUTI pending dividend for SUTI shareholders, however, it also will affect you. Since those of you who will have positions with SUTI due to the PRPM / SUTI dividends due out this summer, the SUTI dividend that is now scheduled for October 1st, 2015 will also be awarded to anyone who holds SUTI shares of that record date as well. We apologize for creating a bit of confusion, however, here is the recent update that we hope will clear that up, and show our intent to award all shareholders, PRPM and SUTI.
New Dividends CEO Shareholders Updates.
DALLAS, TX – June 11th, 2015 – SutimCo Inc.
(OTC PK: SUTI) ("The Company")
The CEO and the company would like to issue the following updates and clarifications as to the recent announcements concerning the dividends.
The company’s intent is to reward the shareholders with a dividend. The current record date is slated for October 1st, 2015. All shareholders of record holding shares of SUTI,
on the record date of October 1st, 2015, will receive a dividend via shares of SUTI.
The dividend formula is; 100 to 1. Example, for every 100 shares of SUTI held by a shareholder, the company will issue 1 share as a dividend. (1,000 shares held= 10 shares as a dividend.)
“We hope that will clear up any confusion as to the ratio of the dividend. The share- holder of the record date, need not to do anything, since the dividend will be issued automatically based on the shareholders position on the record date.” Stated CEO, Mr. Saenz.
Recent Developments:
“I’m extremely excited by this opportunity. I come from this market arena and look forward to growing and expanding the company’s reach in this market sector. As I took over the management in these past few weeks, I’ve already began the process of completing the past projects while introducing new and exciting developments to increase the growth and shareholders value. Here are several developments that are being processed now.”
1. Placing a shares reserve and managing the completion on a dividend distribution for our sister company PRPM.
2. Initiating and filing for the name change and stock symbol change. (In order to have a better branding position and more focus towards being identified in a Cannabis and/or Marijuana markets and sectors.)
3. Initiated our own “shareholders rewards program” by approving for a 100 to 1 company dividend with corporate action record date of October 1, 2015.
4. Completing the spin off the current SUTI CO and its assets/liabilities. (This should positively impact our balance sheet and financials with over $ 3.5 million reductions in the liabilities columns).
5. Developing a comprehensive acquisitions and investment plan for Q3, and Q4 2015.
