Reeltime Rentals Inc (RLTR)

[Callme RICK]

NEW Letter to ShareHolders:

Letter to Shareholders
It is with great pride and anticipation that I am able to address on behalf of ReelTime, those with whom have the most to gain or lose by our successes or lack thereof, our shareholders. Firstly, I would like to thank all of our current shareholders as well as all who have at one time owned stock in ReelTime throughout its journey and into its future. Your support and belief in our evolution has been and continues to be instrumental in our ability to accomplish our goals and it is you, our equity partners specifically that I address this letter to.
ReelTime is currently at a very exciting point as a business and is on the cusp of dramatic shift which is anticipated to not only change the nature of its operations, its corporate structure, transparency and corporate governance, and ultimately its value as a company.
ReelTime has recently made a few announcements that discuss its recently issued patent, its formal application to list on the NASDAQ Capital Markets, its iconic new symbol, new VR productions, and the development of technologies. I have been fortunate enough to have been able to correspond directly with some of our shareholders whom have reached out to me (I encourage any one to do so at my direct e-mail [e-mail]) and there are several questions that have been common, so it is likely that others would also benefit from some clarity and additional information. If you are not familiar with these releases you can view them here at https://reeltime.com/news/ . Some of these questions which I will share in general my responses are as follows.
Patent:
Q. “What is the strategy to monetize the Patent? Are there currently companies that are infringing and if so, what are we doing or planning on doing about that and is there a consumer product that ReelTime will be launching that utilizes the patent?”
A. There are many ways that we intend to monetize the patent. They include enforcement of infringements, licensing, and providing products to market. ReelTime has been aware for some time that numerous parties are in our opinion, in direct violation of the protections provided for in the patent. We are in the process of building an effective legal strategy and war chest and we do anticipate formally pursuing those violations in a strategic manner. We will of course only announce those proceedings after they have been filed in order to maintain our best possible legal position. ReelTime is also in development of a consumer product that will allow consumers to utilize their cell phones in order to instantaneously capture full 360 VR video or photos that can be shared via a variety of platforms that support 360 and VR footage. We are working to refine manufacturing in order to meet what we expect will be a strong demand for the products and to get the cost down in order to make this available to the masses.
NASDAQ Capital Markets:
Q. “Is the company planning on doing a reverse of the stock? How does the company expect to be able to move to NASDAQ when it does not currently meet the required qualifications to do so regarding price, corporate governance, and reporting requirements?”
A. The Company has no plans to do a reverse at this time nor in the foreseeable future. It is our belief that we will be able to meet the requirements of price by implementing the current and contemplated plans (that include but are not limited to) of acquisitions, revenue generation, and continued technical developments. It is through these and other activities that we expect to meet and or exceed the financial requirements in a reasonable timeline. ReelTime is currently in the process of making significant changes that it believes will satisfy the increased requirements regarding corporate governance. These include establishing an independent Board of Directors, Compensation Committee, Audit Committee, Adhering to the Code of Conduct – Rule 5610, and other structural oversight. ReelTime intends to complete and file audited financials and to become fully reporting in conjunction with this process of meeting all reporting requirements. As part of this process, ReelTime is committed to cleaning up its balance sheet by paying off or restructuring its debt to terms significantly more advantageous to the Company and its shareholders. This will dramatically decrease the potential for dilution as we fully recognize that our ability to accomplish our goals is dependent on continuing to maintain a tight share structure and in insuring our shareholders of that commitment. We will continue to communicate as we accomplish these goals and we are very confident in the current team of professionals that we are working with and welcome those who will be joining that team in or efforts to transcend ReelTime into a far more valuable venture.
VR Shows:
Q. “Are there plans to capitalize on the success and popularity of the VR series by producing additional series or sequels?”
A. Although our ability to travel for location shoots and large gatherings has been limited, we have begun development and internal production of an additional season of “Really Twins” (the most watched live action Tween VR series in the world) which is expected to premiere early next year. We are also in negotiations for a spin-off of the No. 1. VR travel series “In Front of View” which we are hopeful to be able to move forward with as travel restrictions permit.
Technology use and development:
Q. “Is ReelTime currently developing any new technologies or production techniques that could be valuable in the future?
A. The production of the VR series and other real-life applications put us on the front lines regarding the challenges and solutions that face VR/AR productions. This venturing into uncharted waters so to speak, forces ingenuity, the redefining of the production processes, and the monetization strategies. As such we are continually developing technologies and techniques in this regard and many are very useful and may transcend from advantages in production to useful products or technologies not limited to VR production. As an example, ReelTime developed the technology behind the Virtual Restaurant chain “Munchie Magic” that delivers Ben & Jerrys ice cream and other snacks to consumers via numerous delivery partners using a single tablet. This was instrumental in ReelTime securing them as a client on numerous levels. We will continue to refine our existing technologies and to develop new methodologies and new technologies moving forward.
Thank You for this opportunity to address you and for your continued support.
Barry Henthorn – CEO

https://reeltime.com