Financing
The Caveat Emptor on our stock symbol has created a completely different set of issues for us. We were in talks with several traditional funders but due to the Caveat Emptor they decided to wait until it is removed. With limited finance options and massive expansion capital required to fuel the growth, it was necessary to take on a few convertible notes. These notes were used to purchase the production equipment necessary to move forward. It is our goal however, to pay these notes off out of cash flow generated from the new equipment. We did however also receive in the latter part of the year our first traditional funding, a revolving line of credit with extremely favorable terms. This line will evolve in the coming year, with the potential to be doubled as conditions require. Lastly, we are in continuous talks with several other funding sources of traditional financing and will update when and if appropriate.
Miscellaneous
We understand that many shareholders have been upset over our silence throughout the year. We had previously listened to several shareholders and tried to answer questions in an open forum and provide updates in various social media outlets. We decided it was best to hunker down and focus on the growth of the business. We cannot appease all shareholders. We felt it was in the best interest of our shareholders to stay as quiet as possible until we have the Caveat Emptor status removed as we do not want to be construed as trying to promote our stock. We also realized that we can best serve our shareholders by working on getting up to date on our filings and growing the business. It is our belief that if you take care of the business the stock will follow and not the other way around. We expect to improve our communication efforts in this new year.
Revenues/Financials
Our company's financial team continues to work with the auditors to complete our filings. It was during the 3rd quarter of 2015 that we had made the determination to focus solely on growing the business and made tremendous sacrifices to ensure the staying power of Alkame. With the company now on a more stable footing, we are happy to announce that we are back on track and have completed all of the 2016 Q's, with the final K right behind it. We expect the financials for 2017 & 2018 to be completed over the coming months.
We have made some changes regarding our financial team infrastructure. We have brought on a new comptroller this past fourth quarter. With this addition, our financial team has now been strengthened and in a much better position to assist Alkame and our subsidiaries in our growth not only by implementing new policies and programs to assist us and our accounting and audit firms, but also with production efficiencies, costing structures and more stringent day-to-day accounting practices to ensure past financial reporting challenges the company has faced will become a thing of the past, and allow Alkame to move forward in a more timely and efficient manner.
Alkame Holdings, Inc. wants to thank all our employees and stockholders, for your support as we continue to transform our Company, increase product categories, streamline and enhance operations, and continue to support our clients. Our Company along with all our subsidiaries are VERY BUSY ON SEVERAL EXCITING FRONTS and we look forward to sharing significant updates and developments with you, our valued shareholders as they become warranted. STAY TUNED.
Sincerely,
Robert Eakle, CEO"
