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Thursday, March 31, 2011 6:46:03 PM
Thank you for responding to the investors. I completely sympathize with you and all you are going through to get SDVI & GRAFF through the audit phase as well as attend to all the other tasks you have at hand. In my VERY long career in IT, I have had the opportunity to work as a CIO for two different companies that went through an IPO process. I know the arduous task you have on your plate, and in this era of Sarbanes Oxley, it's even more time consuming with all the details that auditors must have to certify the audit according to the new requirements. Audits are extremely time consuming given the number of times the audit supervisors and staff must have answers and documentation in their hands for review.
I remember only too well the instructions we were given by our auditors and banking interests about NOT discussing any of the details especially financial plans and financing until everything was completely finalized because leaked information was a basis for "insider trading" complications. In reading some of the posts on this board, I must admit I was a little nervous about the scope of some of the investors contacting outside resources for information. I was concerned about the insider trading issues. I do however understand that they had concerns about getting information to make them feel more confident about their investment with SDVI. This comment is in no way condemnation of anyone who has done so. I completely understand why they did it but they should not do it in the future.
I wish you and RJ the best with all the tasks set before you to make SDVI and GRAFF great companies with great financial rewards for all the stockholders. I am a four year investor with SDVI and will continue to be so in the future.
Go SDVI
Go Ken & RJ
RR
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