Most Magically Worded Update 2010:
CXAC March 23, 2010: Dear Shareholders break out the magic decoder rings and find the true meaning between the lines..
Letter to Shareholders (Our "big sales" still cannot afford us a PR)
Dear Shareholders:
Since our last update we have made some progress on getting the DTC Issues cleared up and working with
our current debt holder, here is the progress:
1. We have hired an attorney to file our Form 10 and the Registration Statement, to move back to the OTCBB, will update on anticipated dates of filing.
Lawyers never say no to free shares
2. We are also in the process of getting information to our Auditors to get our financials audited, which needs to be done in moving back to the OTCBB.
It seems in our haste the CFO heard SEC mentioned and started to shred most of our documents.
3. We are also working with the NIR Group, the fund that holds our convertible note to restructure the note, details on this will follow.
Apparently, Bugatti is not only a car.. Thank you for the get well cards during my knee replacement surgery.
These items are taking more time than we would like, but please note that we are moving forward to clear up the issues with the DTC. To date we have not increased our authorized, and do not plan to until absolutely necessary. We will have to increase the authorized to cover past obligations, but let’s get all the DTC issues cleared up and then make our decisions.
I know, I said do not plan and we will have to in the same paragraph, but any update makes you happy.
We also do not have any plans to do a reverse split now or in the near future.
I've just always wanted to say that.
Presently, we are also working with our Media Funding Group to get our media financed.
Yes, No money for PR, must restructure debt, hired a lawyer, will increase authorized, and yes, We still need more money. These newly found doctor bills are also not helping.
We are finalizing the details and will update by the end of next week launch dates. This is exciting, we have worked hard to get to this point, but unfortunately like everything the paper work is taking longer than we hoped.
Seems some dog named Buddy was left abandoned, came in, and ate the files that survived the shredder.(I know only a select few will get that one)
We are always trying to keep the shareholder in mind when we make decisions, and our goal is to create value for the Shareholders and the Company.
Trying is good, technically your investment is basically worthless now, so it's not like you have big money invested with us. We are only public and shareholders are only worth trying to keep in mind.
The fact is until we can clear this DTC issue, we will just be posting periodic updates on the website, and keeping shareholders informed on our progress on moving to the OTCBB and our success in the Re Juv by Caci Line.
The fact is while the DTC lock is in place it is pointless to print fluff, since no one can buy our shares anyway
Sincerely,
Jorge Bravo
President/CEO
CXAC
