KJ's letter to nubv.org. These guys are encourageable and have stones made of brass.
January 12, 2009
To: NutriPure Shareholders
First of all, I’d like to wish a very Happy New Year. I sincerely hope that 2009 is your best year ever and that this and future years will be filled with happiness, prosperity and success for each and every one of you.
I am also writing this message to update you on some recent activities of NutriPure Beverages, Inc.
On January 8, 2009 NutriPure Beverages, Inc. completed a 1 for 50,000 reverse split of its common shares, which reduced the company’s number of outstanding shares from 24,850,645,914 to 497,191. The terms of the split required all shareholders to turn in a physical certificate in order to receive new shares, and as a result of this restructuring the company has been assigned the new trading symbol NBVG.PK.
The decision to take this action was not made lightly and followed a long and careful analysis of the current market situation and its impact on NutriPure’s ability to complete the funding of the upcoming launch of the Nu20 bottled water products by its primary subsidiary XND Technologies, Inc. We are convinced that the best use of our resources at this time is to continue to focus on the enormous potential of this product line.
Here’s a brief history of what has transpired over the past few months…
From the time we initiated the project in late 2007 through the summer of 2008 we able to raise approximately $600,000 to fund the ongoing operations of NutriPure and the XND subsidiary, including the initial preparations for the Nu20 product launch. We had every reason to be optimistic about raising the remaining $200,000 needed to complete the launch, which we had originally scheduled for October 2008. Unfortunately, despite our best efforts we were not able to raise those funds in a timely manner, creating a situation that was obviously unacceptable and that threatened to derail the project.
The reason we were unable to raise the additional funds was partially due to the recent downward trend of the stock market, but primarily due to the efforts of a few individuals whose actions had torpedoed the company’s stock price and sabotaged our ability to raise money. These individuals, apparently frustrated by the length of time it was taking to complete the project, put forth a concerted effort to demean the reputation of the company by filling the chat boards with “trash talk” about NutriPure and its current and past officers/directors. Some even went so far as to establish a negative website, and we also suspect, although it is not yet proven, that some of these same individuals may have personally benefitted by shorting our stock while at the same time spreading their lies and rumors. As a result of these negative and destructive actions, the company’s stock price dropped to $.0001 with no bids, in effect destroying its chances of trading, along with our ability to raise the additional funds. This caused us to postpone the launch until 2009 while we searched for alternate means of financing.
In October 2008 we requested that members of this group, along with any other interested shareholders, meet with us in a special session for the express purposes of clarifying our situation, addressing their concerns, and hopefully enlisting their support to ensure that we could move forward with the launch. Three individuals attended the meeting as “representatives” of that group and a positive meeting ensued during which it was decided that (1) we would formulate a plan for raising the additional funding through a private placement and present it to their group, and (2) they would report back to their group that we were working hard to secure the remaining funding and would encourage the group to support our financing proposal and assist in presenting it to the group. They also agreed to communicate to the other members of group that their negative campaign was causing financial harm to the company and hindering the company’s success, and to encourage them to support the company rather continuing to tear it down.
Those in attendance named one of their group as their contact person for these matters, we did the same, and we agreed to continue to work together through these individuals. We did create and present a plan within a few days and attempted to present it to them to take to their group. However, their contact person then informed us that she was unable to continue in that role due to personal reasons. We attempted to reach out to others in the group, but none of them were willing to step up and take the lead. We have not heard from anyone in their group since that time.
Over the next few months we continued our attempt to raise the needed funds with no success. This led us to conclude that our only option for remaining in business and successfully launching the Nu20 product line was to (1) effect a major reverse split of the company’s stock price, and (2) to step away from our diversification plans for now and to instead focus our efforts and resources on our XND subsidiary. We are also considering taking legal action against certain individuals that we believe were deliberately attempting to harm the company for their personal gain, and that decision will be made in the near future.
The reverse split has been completed and we are now in the process of securing the funding we need to bring the highly anticipated line of Nu20 water products to market during the first half of this year. We believe that this action will allow us not only to survive, but to thrive The movement to a significantly smaller number of traded shares allows us to better service our shareholders and also signals to the marketplace that we are a company worthy of serious consideration. We are very excited about the future of our company, and look forward to making Nu20 an international household name and NutriPure Beverages, Inc. a rousing success. Meanwhile, I invite you to keep an eye out for future important announcements in the coming weeks and months.
Sincerely,
Kenyatto Jones, Chairman & CEO
NutriPure Beverages, Inc.”
