Wednesday, July 05, 2006 9:59:19 PM
Dear Mr. Newton,
I have been a shareholder of BLYM for some time now. I’m not in the habit of attempting to interfere in the day to day operations of businesses I invest in. I usually trust after doing my usual amount of due diligence, the people in charge know what they are doing and have the best interest of the company in mind. I believe that to be the case with Billy Martin’s USA. I do hold a sizeable investment with your company and have been disappointed with the more recent performance of the stock as I’m sure you are also disappointed. When I first invested in Billy Martin’s the share structure was much different than it is today with a float of around 700,000,000. I accepted the increase in the outstanding shares as it was done to increase revenues. I think the share price should be much higher considering the HBO deal and fragrance deals and the deal with a major jeans manufacturer. My concern is with potential investors. If potential investors think you are continuing to dilute the share structure, the share price may never recover. I’m asking you to consider making an announcement that the dilution of the outstanding shares has stopped. This alone will allow the share price to make a substantial recovery. I applaud the deals you have made and the ones I believe we will see soon. A great addition would be to put an end to the dilution in the next pr. Please let me know your thoughts on this matter.
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