ANTs Software Inc. (fka ANTS)

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http://www.ants.com/index.php/blog/item/a-word-from-the-ceo


A Word from the CEO
on Friday, 21 December 2012. Posted in CEO Corner
SHAREHOLDERS AND FRIENDS OF ANTS,

Today was a momentous day for ANTs, marking the return of our core product. After months of negotiations the ANTs Data Server has finally returned to its rightful home. We are so pleased to also be able to offer technical support to the many ANTs and Genero DB customers.

Our jubilation has been tempered by a matter brought to us by the Securities and Exchange Commission. It is with absolute disdain that I must report that trading has been temporarily halted on ANTs stock.

The ANTs team has been working diligently, along with our accounting firm Cambridge LLC, to retrieve and restore manual books for FY 2011. ANTs and Cambridge have been working around the clock to restore these documents so that they may be filed as soon as possible. We believe this process will be completed by Saint Patrick’s Day, as our accountants are working closely with our auditors in this matter.

During my short tenure as CEO we have been in near constant contact with our division head at the Securities and Exchange Commission, keeping them informed of the progress that we are making, and their actions today came as a great surprise to us.

Please rest assured that after the significant effort we at ANTs undertook to re-acquire the ADS product, we intend to fight to the last man. George S. Patton once said, “If we are not victorious, let no man come home alive.” That sentiment most adequately conveys our feelings here at ANTs Software. We have a plan that we are executing on to reverse this situation and it is the consensus of consuls that we will prevail in this matter and trading will resume shortly.

We will, without question, continue to build our beloved ANTs to greatness with your help and support.

Onward,

Rik Sanchez

Chairman and CEO