E-MAIL FROM SASS
from Sass Peress sass@sunlogics.com
to Joshua XXXXXXXX <joshua.XXXXXXXX@gmail.com>
date Tue, May 17, 2011 at 9:50 AM
subject Re: recent concerns
Josh,
You may share my response if you choose. The words below are my private opinion, and are not the official position of any entity:
I have not been in the loop of the ongoings with Brodie and Werthan, although I have heard good things about them from former colleagues, whom I know very well. They are the kinds of professionals, with public company experience, with whom it could be a great pleasure to work with. From what I understand they are very capable managers who are attentive to the details required to succeed in the legal and/or financial areas of public companies. Their additions would compliment sunlogics management team in that regard quite nicely. While I was heartened to see their names added to the sunlogics website, I have been careful not to make the leap into what that means for SLMU, since they are not recorded either as directors or officers of SLMU. During the course of the following two days their names were taken off the sunlogics website. I cannot explain any better than anyone else why that happened. To do so would be purely speculative.
As for the 4A issue, clearly there is an issue between Mike and John, and in my opinion, that's where it should stay. It has no relevance on the business of SLMU, until someone can show me how it does. If the issue is one of ethics, etc, I can agree with that. However, none of that has stopped the merger from happening.
I am sorry about everyone's angst at the situation, yet it was easily foretold in the void of a properly executed marketing communications strategy. I do agree that putting out a merger and PR, one hour or so before the bell on a Friday afternoon, is not the way to signal to investors that you intend on maximizing returns for everyone. This is not about me being right and everyone else being wrong either. Its just a pretty standard thing in the IR world when it comes to such major news as the long awaited merger could have been.
Hope this helps clarify my position on things,
Sass
- Hide quoted text -
On 2011-05-17, at 9:18 AM, Joshua XXXXXXXX wrote:
Sass,
Since the 8k filing on Friday, recent concerns have arisen that are causing some of your shareholders and others to panic. Specifically:
1. The addition then swift removal of Thomas Werthan and Howard Brodie from the Sunlogics.com website; and
2. The form 4/A filed by John Salamon on Monday, declaring the SPA to be in default.
I am a shareholder and plan to remain one for the long haul (years). I have read every single one of your blog entries and posts on the iHub website, and I appreciate your open communication thus far and I believe it has inspired confidence in my fellow shareholders. However, we are now faced with the above concerns with no clarification whatsoever of what, exactly, is going on. Being left in the dark is causing some ot panic, which is hurting the stock price (now again below $.08). Please reassure us with good news, or if none exists, at least explain the bad news so we can assess the situation. We deserve to be informed. Please do so either publicly or privately in response to this email. If you choose the latter and request that I keep your response private then I affirm I will do so.
-Josh XXXXXXXX
AI
