EVIO Inc (EVIO)

[coinsguy]

This was posted by Tom Sommer, admin of The THC Tabernacle on Facebook. It is Mr Waldrop's response to an email Tom sent Mr Waldrop concerning the elimination of the anti-reverse provision.

From: William Waldrop
To: Tom Sommer
9:57 AM (24 minutes ago)

Tom,

There is no validity to the rumor.

As you know on Friday we announced short-term financing allowing us to procure some needed capital equipment and ensure we had sufficient operating reserves. This of course brought out the “doomsayers”, saying management was going to dilute the stock for our benefit.

In response, of which was already planned, the holders of the Series B & C preferred stock, mainly SGBY Management, voted to eliminate the anti-reverse provision in the stock designation. The purpose of the elimination of the anti-reverse clauses in the series B & C preferred stock was to demonstrate management commitment to ensure all shareholder values and objectives are aligned.

Furthermore, while the "anti-reverse" clauses existed, it made it extremely difficult for the Company to attract traditional institutional and/or accredited investor financing needed for us to capitalize on the upcoming California market.


William Waldrop
CEO
Signal Bay, Inc. (OTCQB: SGBY)
EVIO Labs
Office: 541-633-4568 x1100