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New message from The CEO!

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Dutchdaan   Thursday, 07/21/16 03:20:00 PM
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New message from The CEO!

Daniel,

Thank you for your support as a shareholder and ihub moderator.

I just put in a request to update the otcmarkets website. Should appear tomorrow.

At the current time we have the following common shares:

O/S 625,681,259
Float 316,671,258

As mentioned in the past, the total authorized is 3 Billion, all of which is reserved based on lender covenants. The reserve covenants are based on the trailing 20-day trading price, discount and multiple factor. So when were at .0008, we needed the 2 Billion reserve. Now that we are starting to see increase value in the stock in recognition of the efforts of the company, the calculated reserve based on today’s price would only be approx. 600M. Not saying we would issue that many, just to confirm that would be the “reserve” amount. Simply said if we had a market cap $6M which would be at a price of a $0.01, we would only issue less than 40M shares to pay off all the debt. Hope that makes sense. I am as concerned about dilution as every other shareholder, we are focused on minimizing dilution while maximizing shareholder value.

In regards to our Account Executives, we hired Ronnie Schmidt to grow the Portland Market. Ronnie was a previous general manager for a highly acclaimed chain of dispensaries in the Portland market. He was directly responsible for purchasing both flower, extracts, and edible products from grower and processors. As such he has a direct relationship with many of EVIO Labs potential customers in the Portland market. His years of experience and direct relationships with our potential customers brings immediate value and revenue opportunities to SGBY.

Will


William Waldrop
Chief Executive Officer
Signal Bay, Inc. (OTC: SGBY)
EVIO Labs
702-343-7470

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