Salamon Group, Inc. (fka SLMU)

[standintall]

The dealership agrees to getting a Green Zone for two reasons. 1 It helps sell the hard to sell Chevy Volt and it creates a good image for the dealership as forward thinking. 2. It costs the dealer nothing out of pocket to get a Green Zone installed on their property.

As to your statement that

while there is no excuse for our poor IR efforts, I believe that there are steps on a monthly basis which lead to optimism not being misplaced.

I disagree with this statement.

Michael Matvieshen stepped into a leadership position in SLMU in early December 2010. Three days later he announced the acquisition of the Power Fund corporation, something he controlled as well. It took him 5 months to complete that acquisition. Given that this new corp was basically an empty shell, this whole process should have been accomplished in a matter of weeks, and not 5 months. Was this unnecessary delay due to incompetence or is SLMU very low on his priority list? Folks can decide that but I think he got enough of a boost from the announcement that there was no reason to push the process.

Now it's 8 months since Michael Matvieshen took over SLMU and to date the only "steps" that have taken place are the nomination of a few people as directors, you among them and the inking of a deal which is about as valueless and pointless a document as I have ever seen given that the two parties to this agreement share the same CEO and directors. The agreement was more of a PR stunt than the creation of something meaningful.

So, in 8 months all that has transpired is basically nothing but the acquisition of an empty shell. How can that lead to optimism?

Finally, given your position in the company, you have the ability to issue a statement regarding that Green Zone that was supposed to have been put into SLMU back in January. Your unwillingness to clarify this speaks volumes about what you and your pals think of the shareholders in this corp and for that, I say, shame on you!

While safe harbor provisions could absolve you from the obligation to inform the market when something you say you are going to do doesn't occur, the safe harbor provisions of the law do not apply to your moral responsibility to be honest and transparent with your shareholders or you fiduciary responsibility to keep the shareholders informed of material changes within the company. Nor does it give you license to ignore the shareholders right to expect you to keep your word, something you obviously hadn't done as of May 12th when you published your combined financial statement.

You are right that Rome wasn't built in a day but it sure fell in a hurry and proclaiming while there is no excuse for your poor IR effort there is reason to be optimistic is an insult to your shareholders. What you are in effect saying is that "despite the fact that I have failed the shareholders by not taking the responsibility to keep you better informed, something that there is no excuse for, I want you to remain optimistic despite the fact that I obviously have absolutely no intention whatsoever of changing this situation."

A press release takes maybe half an hour to write and a few minutes to send in to marketwire or whoever you use.

Yet what we can all hope is that there is a sincere desire to turn a corner and that there has simply not been the bandwidth available to do more of what the early investors are seeking.

WE??? What do you mean "we"?... You are not us. You are "them". That statement Sass is perhaps the most insulting thing I have ever read. You are hoping there is a sincere desire? Dude... look inside yourself. Is there a sincere desire or not?

No bandwidth? What the heck does that mean? Does it mean that the you haven't had the time or energy to write a press release? You're sitting on your dock instead of working to fix this. This makes you part of the problem. There is all the bandwidth necessary to write and issue a press release. Heck, in the time you've spent here you could have written and released a dozen press releases. The rest of the people here may want to give you a pass but not me. Since you are the company here, your posts only confirm what I have been feeling all along. This stock is a very bad joke and not something anyone should have their money in.

The bottom line... I don't think management can be trusted.