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Re: None

Tuesday, 02/12/2008 11:34:39 PM

Tuesday, February 12, 2008 11:34:39 PM

Post# of 10380
I sent the following message to our CEO thru the link provided by Audiostocks.com. I will post the reply when and if I get one.

As one of your shareholders and moderator of the Investors Hub Ibox web page for SMEV I would like some clarification as to how the outstanding shares increased to 8.5 billion. It is understood that capital needs to be raised to grow a company, but some explanation as to what has transpired and plans for additional capital requirements is due. This would most likely be very beneficial in stabilizing the price of the stock if not increasing it and generating additional interest.

I feel that your shareholders are deserving of this information. At least one has filed a complaint with the SEC regarding the irregularities of the share structure. Did the company issue 8.5 billion new shares? How many if any were sold on the open market and how much capital was raised? Any info provided will be posted on the site.
Thanks in advance. Sincerely, SOJ.