Recieved a response from Investor Relations with some updates on future plans... here it is
1).Is the TA "Gagged"?
I am not sure what you mean by "gagged'. I assume by that you mean are we going to ask the TA to no longer provide info? If that is what you are asking then yes we will ask the TA to refer all questions to the company or Sage. Understand we are not trying to be less transparent it is just that no public company should ever allow information to come from their TA. There is no way to know for sure that someone at the TA is providing accurate info.
To ease your concerns about transparency. We agree every company should have a certain level of transparency. SHKZ is in the process of finishing audits for the past 3 years & Belvedere has audited numbers. Belvedere has spent a considerable sum to make sure the company has up to date filings. Once that is completed you will be ale to go to sec.gov or the company's website to see their filings.
2). Outstanding shares & Public Float
I will get the numbers to you shortly. In the transaction in which Belvedere purchased Shaka there were new shares issued to Belvedere. However, there will be old shares owned by former management whose shares will be retired. Once the audit is complete I will get you the new share count.
Though a reverse is not being effected at this point nor is one being planned, I would expect considerable dilution. Belvederes plan is to merge several new companies into SHKZ so there will have to be shares issued to those companies in payment for their assets. We are also not ruling out a reverse in the near future.
On the flip side to that currently there is no value to your shares. With this merger there will be some value brought to the current shareholders. It may take time but Belvedere has a plan to build this company into a large public company quickly. I cannot give to many details but I assure you, Mr. Scott the CEO of Belvedere is focusing on several hot sectors with profitable companies to acquire into SHKZ. They will be a much more formidable entity than a "sandal maker".
I hope that answers your questions in a satisfactory manner.
Why don't you give me a call and we can talk further about the company & I can answer any of your questions.
Regards,
Jeffrey Chicola
Sage Market Advisors
908 228 2197-Office
908 477 0090-Cell
thesageis@aol.com email
So there you have it... its kinda a bummer that the TA will be gagged as that doesn't provide transparency and who knows how accurate and or timely the company will be in updating the share structure...also kinda a bummer that they are not ruling out a "reverse split in the near future" as that sounds pretty much like it's coming to me... hopefully the incoming entity has some serious clout... because the way that is worded it looks like a R/S is very possible upon completion of the R/M but of course its what almost all OTC pinks do to free up shares to sell into the market... man I hope this works out... I would strongly suggest any invested here call or email Jeffrey Chicola with any questions you may have about future plans of SHKZ
