Let me begin with a sincere "Thank You" to those who have entrusted their hard earned income in purchasing shares in Valiant Eagle.
Your unceasing patience and confidence in us is inspiring. Each success we have achieved since 2018 is merely a reflection of the trust our stockholders have bestowed upon us. Your trust has allowed us to facilitate accomplishments in virtually every key area since 2018:
• Company scale
• Revenue
• Net new assets
• Net income
• Stock price
We are committed to continuing to build the type of company that treats all constituents-our clients, stockholders, employees, vendors, partners, regulators, and communities-with honor and respect.
Over the last two years, the Company has experienced tremendous results and growth. OKTV went public to compete with industry titans realizing that, without the added benefits of substantial financial backing, we would struggle to make our mark. In addition to capital, the assembling of synergistic business relationships and team members would only further our ability to stand out from the crowd.
Looking forward, one of our most notable keys to success will be our executives and employees buying into the company philosophy. We will require them to be team oriented and approach their jobs at Valiant Eagle with pride and dedication. How do we propose accomplishing this? We will hold our team members to the following founding principles and core values:
▪ Instead of employees being accountable for their efforts, we will hold them accountable for results.
▪ Instead of company loyalty, we will insist on customer loyalty.
▪ We will demand excellence, not mediocrity, half measures, or adequate performance.
▪ We will encourage employees to maintain an owners perspective, not a head-down "workers mentality."
▪ Employees must understand all aspects of our business.
Activities and endeavors that we have undergone since 2018 include, but are not limited to, the following:
The Reverse Split and Name Change
As of March 2020, we completed a reverse stock split with 5,000 former shares being replaced by 1 new share, with a new CUSIP of 91916V202. Purespectrum Inc. was subsequently renamed Valiant Eagle, Inc. The ticker remained PSRU. As a result of the reverse stock split, the common shares issued and outstanding fell from 4,734,700,000 to 946,940.
Although the process proved to be challenging, we were able to unshackle ourselves from previous imprints. Fiscally, this decision was necessary to attract capital investment to the organization. Opting to continue with the same share structure would have hindered our ability to advance in a direction that would benefit shareholders and attract institutional investment, in addition to media partners.
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