MultiCorp International Inc (MCIC)

[justincaze]

Posted by: gorbec1
In reply to: gorbec1 who wrote msg# 30363
Date:10/6/2006 12:14:37 PM


The $2.5 M LOI is outstanding.
Stock has been issued relative to pending acquisitions.
The buy back began a couple of months ago, and continues according to plan, however, stock has been issued relative to pending acquisitions.
We have been consulting with Jack over the past several weeks regarding a specific and proactive plan. When an ultimate course of action is finalized, we will PR it. Because we have no interest in reversing the stock, this has taken much more effort than Executive's standard plan. Consequently, we need to take careful time to deliberate all the options excluding a reverse split.
A tender offer is still being considered.
We apologize about the audit delays.
When stock is cancelled and retired, it will be PR'ed.
Dan's ownership is greater than fifty percent.
Smallcapvoice is paid in cash.
Skiershop LOI is active and pending.
Despite the temporary increase in I/O for pending acquisitions, our plan still remains to lower it. The next step of this plan is to reduce it below 60 Billion. This is a work in progress.

Thank you for your concern.

Best,

Dan.