JB, Geetar, Ian and who ever else is in charge over at Medify. First I apologize if this letter seems like a bashing. I feel it is very important and way overdue that the Financial manager at Medify explain where we are at with the share count...Reg D's and Management held etc. Please explain in legal details about the Mazuma shares and please correct any of my details...this is very important so this stock can move on and fly...Your product and it's design looks like it is ready to takeoff to market, but the stock price and future stock sales need an incredible amount of work.
OK by my math the latest D504's for the 2006 year are...
1. 8 million shares to Mazuma for $320,000 which average out to .04cents per share.
2. Are they restricted for a set amount of time? Are they restricted to a set sale price?
2a. How many more millions of shares are out there basically with the same type of cost....pennys?
3. What state in the US are the Mazuma shares under? New Jersey, New York?
4. How many more D504's or any other Regulation D's planned for cash this coming year?
5. JB has made public statements that he has not taken any payroll himself from MEDIFY. Where is the 40-50k going month after month for this project. Public companies have to disclose the salary of the directors.
5a. When is your next stock holders meeting planned?
6.GEETAR OR WHOEVER IS IN CHARGE AT MEDIFY...ONCE AND FOR ALL...THIS IS A PUBLIC COMPANY AND CANNOT BE RUN LIKE A PRIVATE CASH COW. THERE ARE RULES AND REGULATIONS THAT MUST BE FOLLOWED. DO NOT COMEBACK WITH A LECTURE....COMEBACK WITH ANSWERS SO THIS STOCK HAS A CHANCE FOR THE LONGTIME SHARE HOLDERS CAN AT LEAST BREAK EVEN!
7. I am just a retail investor trying to break-even or possibly make a small percentage on my investment.
BVdog
AI
