EMAIL FROM ROBERT ATWELL 6-23-17
To all you people that have had ZERO LUCK in communicating with the CEO, here you go.
This was just forwarded to from one of my traders that knows I follow the stock, and reached out to Bob:
Thanks for the email.
As you should be aware, the company has little or no control over the marketplace once shares have been issued. Especially on Pink Sheet stocks, where market makers and their firms have great actual and presumed influence on the price and marketability of any one stock. This is one reason penny stocks are so risky. Aside from that, when demand exceeds supply the market should start to climb, and that probably is why the bids came back recently. How, where and why the demand popped up could be any number of things as there has not been any recent news from the company. We have been working on an updated web site, however I would question how much impact changes on the web page would have prior to the actual site being up.
The reason we refer to updates coming soon is that until we have actual news to release, we try to avoid issuing specific updates just for the sake of getting something out there. The top priority is the future of the company and that has been our focus. This "process" has been a long haul with many starts and stops, management miscalculations, insufficient resources, unfulfilled promises and lack of execution from third parties that has resulted in delayed progress implementing our business plan, and therefore a lack of steady news that the market looks for.
That's the background to where we are today.
Going forward, we have continued to make progress on the Grow-Tech container transaction, which was announced in the spring of 2016. We still remain confident that this product line will establish a solid revenue base for the company once fully deployed. We are also working on the development of a next-stage digital marketplace, where we hope to take the best of the existing data technologies and produce a product that will serve across industry lines in a more robust environment while making this type of digital marketplace more economically attractive to both the vendor and the end user. In addition, we have continued to evolve our thinking on the real estate side of the business to coincide with the eventual roll out of the Grow-Tech product line. On branded product development, we continue to explore potential acquisitions that could fit under our umbrella. We also need to tie up IP items to protect the brand in the future.
In order to see all of this and more to fruition, we need the capital and resources, which at present we are working on obtaining. We have not had the capital and resources and that has been one main reason progress has been so slow.
On communicating with the public, including shareholders, we have been updating the website and have incorporated an IR component to hopefully keep everyone informed on a more regular basis. The site will have an FAQ section,a blog and other features that when fully implemented should keep everyone up to date. We are also working on the Twitter and Facebook feeds and plan to add more social media elements down the road.
In particular reference to the shareholder dilution question, we have not issued any shares since September 2016. There were seven total issuance's in 2016, none in 2017. The amount of shares in CEDE (street name), have remained the same for years. One particular misconception is that when a shareholder buys shares in the marketplace, that purchase price goes to the company. Other than during an IPO or a secondary offering, that is not the case. When one buys stock, the monies go to the seller and the brokerage firms handling the transaction. Not to the company. So despite the fact that over the years there have been millions of dollars in trading, those monies have gone to the individual sellers of the stock, not to the company.
The company has only had a handful of individual investors who have actually invested monies directly into the company. It has not had any institutional investors, PIPE's, etc. The full historical issuance of shares can be found in our prior filings. This information will also be posted on our website as it is updated.
There has been and remains a lot of misinformation about the company and its management in chat rooms, etc. The only factual information is what the company has released directly, either in the form of press releases, website postings, direct email responses, direct Twitter and or Facebook postings, etc.
While there hasn't been a lot of information released over the past couple of years, hopefully when the time comes to step up the information flow, the information released will be of value to our shareholders.
Thanks again for your interest in the company. I hope the information provided here will be helpful.