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Re: BobKS post# 7773

Sunday, 03/26/2017 11:09:11 AM

Sunday, March 26, 2017 11:09:11 AM

Post# of 8579
 I read your response in regards to an email that our attorney sent. I certainly  understand your monetary loss  as well as your frustration. The fact of the matter is is that if we did not move forward with this asset buyout, the company would have gone bankrupt in January leaving all of our employees out of a job. Be assured that there was no monetary gain whatsoever for Kyle or myself.  In fact there is over $250,000 still owed to myself and Kyle, as I would continue to put money in to keep the company going. In reality we were a very small company trying to operate in a public environment which was very expensive to keep going. As you can see from the financials  in June and July we were doing $1 million a month and unfortunately Ijoy the Chinese manufacture took our trademark took all of our product and hurt us very badly. We could not recover from that and September, October, November, December we had zero product to sell. The company was in deep financial trouble at that point.  I wish just, like you do, that the outcome would have been different and that we all could have profited from VHUB but unfortunately that's not what happened. Kyle and I  poured our heart and soul and our money into this company for over eight years , I just want to make sure you understand that Kyle Winther or myself did not make any money from this deal whatsoever and still have outstanding loans out to them.

Once again, from the bottom of my heart I am truly sorry about the way things turned out, but the company had no choice and no money to continue to operate.