Facebook Post from Brad IMPORTANT LETTER TO SHAREHOLDERS:
Dear WorldFlix Shareholders
As you know for the past few years WorldFlix has been in and out of the pre-development stage. OTC companies will often take investments to kick start a project to the development stage such as we did with Swantry and Paranotek. WorldFlix has used the services of these types of investors and exchanged future discounted shares for immediate cash to keep the lights on, attract talent and garner the necessary resources to begin developing revenue generating products.
In one relationship, the lender been an honorable partner and delivers upon their word and promises. In another relationship the lender has been there for us when we needed them and mutually opportunistic. In one particular case, the lender was deceptive, toxic and predatory.
We sold a nearly matured aged note from one of our very first investors to this deceptive convertible note lender who acted in bad faith through clearly fraudulent practices. Despite months of request and requesting administrative intervention, we are forced to take legal action to stop this person’s access to our shares and his chromic dumping of those shares below the ask. We have been powerless to fight back until now. Recently a champion group of shareholders have stepped in to help us take back our company.
The expected outcome will be the productive mitigation of the damages and much-needed relief for our shareholders. Soon we will no longer be distracted by this bad actor and focused on delivering shareholder value through revenue producing activities. We are excited for our future!
Thank you for you enduring support and faith in our mission.
Yours truly,
Brad Listermann
WorldFlix CEO
