Did anyone read this months Newsletter? [img] Statement from CEO, Kimberly Carlson:
As we navigate through June, our journey of transformation and growth continues to bear fruit. Our commitment to upholding shareholder value, a theme reiterated in our previous communications, is once again evidenced this month. Not only have we refrained from issuing any new shares since September of 2023, but our actions towards enhancing stock liquidity and maintaining market stability have been robust and effective. Our focused determination is paying off as we pursue grant and government contract funding in an effort to reduce the debt and dilution associated with loans and investment funding. We continue to consider options that may positively impact market cap and shareholder value while staying true to the growth of the company goals and vision.
Stock Ownership and Stability:
This month, our Board Director, Donald Steinberg, demonstrated his faith in our future by acquiring 5 million shares (over 12% of the outstanding shares) from an affiliate, reinforcing his commitment to our long-term success. This transaction not only bolsters shareholder confidence but also reduces potential market volatility by decreasing the affiliate shares in circulation.
Furthermore, with nearly 1 million shares traded in the first eight days of June alone, we are seeing days with a significant uptick in trading activity. This increased volume underscores a growing interest and trust in our strategic direction.
Strategic Initiatives and Consultant Introduction Our focus on securing grant funding and government contracts as alternative financing sources continues to gain momentum. With the expertise of our newly appointed consultant, Mr. Robert Mucci, we have successfully pitched for an NSF grant and were approved to submit a full proposal which we are diligently preparing. Our designation as a woman-owned small business also positions us advantageously in these endeavors, allowing us to leverage additional opportunities to minimize debt and prevent share dilution.
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Introducing Robert Mucci, MPA
Robert Mucci, the newest consultant brought on to Mushrooms Inc for the pursuit of grants and other alternative funding, is a 1973 graduate of the University of Michigan with a Bachelor of Science concentration in Natural Resources. He received a Master of Public Administration from the University of Utah in 1983. Mr. Mucci has worked in the public and private sector at a variety of positions including working as a Public Utilities Economist for the Department of Energy and working for the United States Attorney’s Office, District of Utah. He has owned businesses with his wife and formally worked for SSA Marine Terminals.
Mr. Mucci has been a Business Counselor and Analyst with Apex Accelerators (formerly the Arizona Procurement Technical Assistance Center) for over 7 years covering Southern Arizona. He is considered a subject matter expert for Small Business Innovative Research grants, Department of Defense grants and Federal procurement solicitations. He has assisted clients with Federal procurement questions, bid preparation, SBIR and STTR applications with a past history of success in clients receiving Phase I and II awards of over $8.5 million dollars.
Looking Ahead
The sale of 5 million shares by an affiliate, while significant, also paves the way for future strategic flexibility. This leaves just over 2 million shares in this past affiliate’s holdings.
June reflects a pivotal period of consolidation and forward-thinking strategies that are aligned with our core mission to innovate and lead in our industry. Our approach is calculated, mindful of the broader economic impacts, and geared towards a sustainable growth trajectory that benefits all stakeholders involved.
As always, your trust and investment in Mushrooms Inc. fuels our endeavors. We are committed to maintaining transparency, advancing our technological and financial initiatives, and ensuring that our actions today lay a robust foundation for the future. [/img]
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