This is the email received from Tyler asked me to post on board. Can any MOD stick this one
This is coming direct from CEO James Albion:
Good morning. Tyler Libby has made me aware of the daily, persistent emails coming to him questioning our motives regarding dilution, share structure, and the validity and timing of our news releases. I am here to respond to these issues and put this discussion to bed right now.
Regarding dilution. To this point, we have not gone the route of dilution of our shares. We've stated on several occasions that it is an avenue we prefer not to travel, BUT if we feel it is in the best interest of moving our company forward, then dilution becomes a real option.
Regarding share structure. Shareholders have the right to inquire with us about share structure - WITHIN REASON. Inquiring about our share structure every day, and sometimes multiple times daily, is excessive, and frankly, we don't have the time to answer everyone about share structure every day and still operate our business. We do our best to update our share structure on our OTC page as often as is necessary. We certainly update it if major changes are occurring. The public deserves to know that. Our present share structure is posted on our OTC page, and will appear in our financial documents when they post for each business quarter.
Our Transfer Agent. YES, we put a restriction on sharing information from our TA. NOT because we have something to hide, but because we have been privy to seeing Transfer Agents getting inundated with calls and emails about company's share structures. This not only stops or retards the TA from conducting his business of helping his clients (like ATYG), but a TA has the right to bill us for such excessive time on our account.
Regarding press releases and news. People are used to seeing Pink Sheets companies put out press releases to catalyze a bump in price and volume. We don't do that - plain and simple. We put out news to keep the public apprised of our progress. We are aware that many, if not most investors who participate in the OTC markets are "day flippers," that being people who buy and sell our stock to make money on a daily basis. If news comes out that doesn't work to that end, people get upset about it.
Let me be absolutely clear, our news releases are NEVER meant to move the price or volume in any direction. We are trying to build a business, not play stock games. Business may operate daily, but results come in calendar quarters and years.
As for share price, we have no control of that. Many of you have seen that regardless of our news, the price goes up, then drops again. We are aware that this is due to market makers who severely short our stock (go to www.otcshortreport.com and search "ATYG"), purposely driving the price down in what we would consider, price manipulation and outright sabotage. On a personal note, with the mountains of regulation piled on these markets, I am stunned that these stock manipulating terrorists are permitted to purposely destroy small cap companies at will, and without consequence.
Our fiduciary responsibility is to our shareholders, and we take this very seriously. The survival and thriving of our company is how we take responsibility for those shareholders. Our decisions are predicated on the thriving and success of our company. It is in that success that our shareholders will also succeed. Thank you for your time.
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Respectfully,
James J. Albion, CEO, Chairman
Atlas Technology Group, Inc.
President, Racing Limos America, Inc.
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