Ok, guys, here’s my summary of the shareholder meeting:
The meeting was held at the Renaissance Hotel, a very nice venue with several other businesses simultaneously conducting meetings in the ample conference facilities on the second floor. The Zenergy meeting room was typical with four rows of meeting tables and chairs to accommodate approximately 80, a slide presentation set up at the front of the room, and a water/coffee counter at the back.
The meeting began about 1:20 with about 45 persons in the room, 14 of which were Zenergy personnel. If more shareholders came in after that I do not know as my back was to the door. Alex took the microphone. He seemed relaxed, as he is always comfortable when giving a presentation. He, also, has lost a considerable amount of weight (I’d say 80 lbs.), and his energy level seemed very strong.
The presentation began with the confirmation of the Enertrade acquisition, and an explanation of the delay due to our former legal vendors’ inability to complete and provide the SEC filings in a timely manner. That vendor has been replaced with new legal support still under observation for performance.
Enertrade offices will remain in Houston. They are currently operating in the Texas market, and we have plans to expand into two more states by year end. The Mexico opportunity is realistic as the former owners (one is a Mexican citizen), who retain a percentage of Enertrade, have made beneficial inroads with the Mexican government, and will be valuable to developing the market there. Alex hopes to have researched the Mexico market within six months.
Future happenings regarding Enertrade will be communicated to the shareholders via 8k’s, which management has decided will be the primary method to inform shareholders and the public in the future. The blog will be utilized to pass on incidental happenings and promotions. Twitter will be used primarily for brand awareness.
The company continues to reduce convertible debt with May 15th as the total elimination target date. “Friendlier” funding has become available, and there will be an 8K filed when completed. The Q1 filing, due May 15th, will have many updates regarding debt reduction along with other events.
The Zero Cost program continues to be increasing rapidly with 11 completed installations, several ongoing, and hundreds of audits in place for future business. Sizable funding has become available which will allow the program to expand even faster. Zero Cost can now be conducted in all 50 states, and the market potential is expansive. We have identified our “niche” customers, and they are extremely receptive to what we have to offer. 90% are receptive to presentation, and 80% go to evaluation/audit stage with most following through with the program or by direct purchase. The Zero Cost program now deals with not only conservation and smart controls, but with the Enertrade acquisition, the program now has retail electricity available. This should prove most beneficial to both Zero Cost and Enertrade.
At this point in time, the company has progressed beyond the development stage, and is now aggressively moving into the stage of gaining market share.
We are a business that is moving forward, increasing revenue and becoming financially stronger. Congratulations to all shareholders. 2018 is already becoming a special year
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