I emailed Wayne what’s going on with Jada? this was his response. Thoughts?
Good morning Daniel,
My name is Wayne Sellers and I am the one that everyone wants to know what am I going to do with Jada?
First, let me thank you for reaching out to me and asking this question. I do try to communicate when reaching out to, all folks that contact me. Sometimes I am not able to release the information that one seeks of me, due to SEC rules and regulations primarily. If it is not public I cannot discuss it with anyone outside our corporate protection so I am sure that you understand this going forward.
Also, based on legal counsel advice not discuss anything unless it is released through our legal representatives once public I can then discuss it openly.
My objective is to build Jade into a real profitable company that in due course will reveal itself to all who are interested in a possible purchase of shares as a long-term investment.
To date, all filings are filed, and all legal requirements are in compliance with FINRA and the OTC.
We have done a tremendous amount of work behind the scenes in my private company to prepare for what the purchase of Jade was intended for, but, we have to do what is necessary to build up when doing something like this.
A penny stock is that, a penny stock. This is enticing as well as dangerous for the investor, even me as I am the largest single shareholder.
The enticement is in that the upside could be large and rewarding both financially as well as in accomplishing what very few penny stocks do, become a valuable stock to own and hold over time. This is what our objective is, to succeed for the investor. This obviously includes me and my family of associates involved in this endeavor.
To date, we have cleaned the company up from a "STOP" sign on the stock symbol when we got involved prior to purchasing the control block to now tradable. This stock was not tradable prior to our involvement.
All filings are up to date with the SEC and FINRA, this was not the case when we got involved.
We have been funding all costs associated with keeping the company in good standing with all requirements to be on the OTC from being removed as a shell.
We have now secured a line of credit for sales growth which was filed yesterday.
I am funding the full costs to start the next steps as well as up to this point.
In ending Daniel, I hope that this answers some of the questions you had. If not, I apologize but this is the best I can do.
My position in investing has always remained the same, watch the management's investment in the company in capital, stock, etc. then watch what they do, in terms of owning and continuing to own shares in the company. I have not sold one share, even when it reached 12 cents a share.
I stated in our first release, that this is a long-term investment for us and this is proving out as stated.
We will continue to pace onward and will notify the public markets legally when required and when we have made progress or not. Our past releases have reasons for not closing and when you see two deals rescinded by our company there is a very good reason. Our due diligence is real and valid and when we uncover something that does not fit our model then, we pass.
But, under law, if we do a deal with Jade Art Group, Inc. we must disclose this information if it fits the requirements deemed necessary by the OTC and FINRA, we comply with this as you can read for yourself.
Have a great Thanksgiving and God bless you Daniel,
Sincerely,
W
