E-mail response from Arne Dunhem... to the e-mail that I sent him yesterday...
From: "Arne Dunhem" <adunhem@arielway.com>
To: <xxxxxxxx@xxxxxx>
Subject: RE: News, Updates, Progress, PR's & PPS
Date: Monday, January 07, 2008 08:57:57 PM
Dear XXXxxxxx,
I appreciate your comments. I am sure that you understand that I can not yet provide you with non-public info, but I can give you some points of clarification based on what has already been announced.
The letter to the shareholders was like a road map of a broad strategy, and we are still following it reasonably well and I hope over the next several months there will be some good developments that presumably should create good shareholder value.
As a foot note, as the CEO, I have not taken out any salary for almost three years. Thus I am an equity person and want to make my money on the value ot the shares. This also means that as the CEO of the company, my interests are fully lined-up with all the other shareholders, i.e. to increase shareholder value as rapidly as possible.
The Syrei acquisition is still proceeding as planned. Yes, we had hoped to have completed a first closing few days ago, but there were some additional info that had to be provided by Syrei, but we are all very actively working to complete as soon as possible. We have also been very busy with completing our 10-KSB for filing soon.
Besides the LOI’s announced, we have been working several other exciting LOI’s, but we can not yet disclose. This in addition to more strategic agreements.
On the conversion of debt to shares, I can confirm that they are indeed all restricted and must comply with SEC rule 144, i.e. can not be sold for quite some time and when they can be sold, can only be sold in very small amounts per 90 days. I.e. no risk for “flooding the market”.
There is one announcement coming tomorrow morning that provides some more hints.
I realize that there are a lot of parties who “play” our stock, but the only way for the company to counter act is to play a straight game and develop the business, and then I am sure that the stock price will follow suit.
As always, I have to give you my “standard” reservation. We can only try our best to create good shareholder value, but we can not control all factors around it and there are no 100-% guarantees in this world.
If you wish, you are welcome to call me on 703-624-8042.
Thank you for being our shareholder, and I hope you will remain with us.
Best Regards,
Arne
Arne Dunhem
Chairman & CEO
Ariel Way, Inc.
8000 Towers Crescent Drive
Suite 1220
Vienna, VA 22182
USA
Tel: +1-703-918-2420
Cell: +1-703-624-8042
Fax: +1-703-991-0841
email: adunhem@arielway.com
www.arielway.com
Life, Liberty and the Pursuit...!
