Safeguard Security Holding (fka SSHSQ)

[Smilin_B]

Here is SSHS's first, only and last "Shareholder Newsletter" (although we were promised more)

http://www.safeguardsecurityholdings.com/newsletter.pdf

At the time of the change of the board of directors, the
company was in technical default with its primary secured bondholder and the
relationship with the Company was rapidly deteriorating. The new board has cleared up
the defaults (HAS ANYONE QUESTIONED JUST HOW THEY "cleared up the defaults??? What does "cleared up" imply? HOW DID THEY CLEAR IT UP specifically - at what dilutive expense to shareholders???), and has revived an excellent working relationship with the senior secured
bondholders.

To stabilize the company, the board arranged for additional funds in excess of
$1,000,000 that has been invested in the company, which has come in over the past 15
months. (HAS ANYONE ASKED THE COMPANY PRECISELY WHERE THIS ONE MILLION DOLLARS CAME FROM AND AT WHAT TOXIC DILUTIVE EXPENSE TO SHAREHOLDERS??????) This capital injection was necessary to take advantage of various new contract
opportunities that the company was presented with.

SPECIAL THANKS!
The board of directors and employees of the Company would like to thank shareholders
for their patience and continued support. We look forward to a successful year to come.

HAHAHAHAHAHAHAHA!!!!!!!!!!!! Oh my God, and just when is our CEO going to "allow" shareholders to know just how he plans on paying back this $1,000,000 in addition to the $2,500,000 owed to NIR Group in receivorship? Clearly, Michael Gelmon stated via email, that the $2,500,000 would still be owed to NIR's receivors - so if they cant issue them stock, just how are they going to service this mountain of debt? Reverse split, increase the O/S, implement a "compensated awareness campaign" to blow out more shares? Thats what i'd do. Cant wait for that to happen.