OPEN LETTER TO IKE SUTTON
Ike,
A core group of shareholders invested their capital in GOIG when the company was trading at $0.0005/share in March 2010. These people invested because they thought GOIG had a ground breaking product that could deliver real wealth to investors and generally benefit business and society. While this is still the case, GOIG's reporting activities have failed shareholders.
Investors in GOIG are taking huge capital risks in a company that has yet to generate revenue and are supportive at a critical juncture. The capital raising position today is vastly improved from months ago and this is in no small part due to the investor base.
Current and future investors deserve and have the right to expect a clear accounting of GOIG's performance - for better or worse. They need to know the current financial status, clearly understand operational performance and be presented a fair estimate of breakeven (revenues required and time to the quarter), customer conversion rates and other metrics that would generate a realistic appraisal of the forward looking share price. This should all be reported in the quarterly and annual filings.
The practices of a sub-penny stock will not be tolerated by institutions or others looking to make substantial investments. Even though GOIG is still a pinksheets stock, adhering to larger board reporting practices would be a clear directional sign.
Investors do not need to risk their capital in a company that does not, or will not, present it's activities clearly. The reporting practices of GOIG have clearly failed to meet expectations. Investors deserve better.
The choice is clear: Progress or retreat back to sub-penny status with a high volume of trading and no investor support.
Sincerely,
