Polaris International Holdings (PIHN)

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Yesterday I said I prefer to do my own DD instead of contacting the CEO directly. I don't laugh at Global for his efforts, I just prefer my own methods.

This is the official email Kuni sent last month:

April 18, 2011

Dear Valued Shareholder
I am writing today to provide further updates on progress being made by your company. I'd also like to take this occasion to thank you for all of the positive feedback we've been receiving in response to our commitment to improving the frequency of our communication with you, our shareholders. We will continue to keep you abreast of developments and updates as circumstances warrant and allow.
Regarding the acquisition, we can disclose that we just executed a new LOI with the target company for an extension of closing due to the extra time it's taking to complete the two year audit on our acquisition target. We are currently awaiting the completion of the audits of both the parent company and its subsidiary in India . We have been told by the auditors that the audits on the target company will be completed by the end of this month. Simultaneously, final Purchase Agreement is being reviewed by legal counsels of both parties. In addition to it, we have engaged our immigration attorneys and they have begun reviewing the status of the staffers from India. While this acquisition is necessarily complex, we are satisfied with progress to date and can assure you progress continues without inordinate delays.
Once we have received the two year audits, we expect to close the acquisition within 14 days from receipt, unless there are significant differences between the unaudited and audited documents currently in our possession.
Additionally, I am pleased to report that, in Japan, Staff IS is already busy with new contracts for headquarters relocations to Western Japan from several foreign-affiliated customers. These contracts are in addition to our securing more new business as a result of revitalized Business Continuity Planning. We have also just received an order to install our custom Internet Phone system into Distribution Center of one of our Fortune 500 clients. Their stated reason is that, following the earthquake, our IP based system was not affected by the earthquake and tsunami disaster whereas their landlines were totally disabled. Our success with this company has led to numerous additional inquires about our system and BCP from both existing and new customers.
With the acquisition continuing to move forward and the prospects of increased business enhanced, rather than diminished as a result of the natural disasters in Japan, 2011 looks more promising then ever. I appreciate your loyalty and support and promise our continued best efforts toward the continued success of Polaris International Holdings.
Investor Relations inquiries:

Please contact
Maxwell Media Marketing
[e-mail]
maxwellmediamarketing.com
Sincerely,
Kuni Misawa
CEO/president
Polaris International Holdings, Inc.

Am I the only one here who's reading exactly what it says? I have rather great expectations too but I'm not imagining deadlines when officially there aren't any. And for the record: I noticed another important post by Global that was an answer to one of yours. He told you to mark this post. You probably know what I'm talking about.