Small Business Development Group Inc (SBDG)

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Most Recent Post - RYS & Co Walking the Talk

Roy Salisbury - Saturday, October 05, 2013


As we continue to deploy our Engineering of a Public Company, Small Business Development Group, Inc (symbol SBDG) is our prototype company that we rescued from certain failure. The Company had in excess of 500 shareholders when we started the restructuring process. Our analysis of the shareholders list indicated that 350 shareholders had less than 10 shares. Others were shareholders who, at year end, had acquired 10,400,000,000 shares for the conversion of debt less than $11,000.

There is also a smaller group of investors who, if you follow message boards, are very unhappy with the newly-reorganized company and its new management. It is important that they, and others, understand that no company can be successful in the long term without sound fundamentals. To believe otherwise demonstrates a basic lack of understanding of the principles that drive economic growth in our free market system. As I have often written, we are opposed to artificially pushing stock volume through the issuance of press releases, only to unethically profit from false promises and hype. We will not engage in ‘pump and dump’ schemes. Nor will we continue to promote business activities that we do not believe will be profitable or have the growth potential that would benefit our stockholders. I realize that it will take time for the company to move beyond its past and prove itself in the market, and we have anticipated that. When I and my partners took on SBDG (formerly Virogen), we understood that there are phases to the process. We realized that many stockholders and observers will pass through three phases of understanding and acceptance of our strategy and intent. These phases are:

1. I have heard that before: “This is the restructuring and planning phase that redirects and clean up the company. But you will see that they are just like all the others.“ (This phase lasts 30 to 60 days.);
2. I told you they’d screw this up: “How brazen and foolish the company is, and how stupid the management is, to plan a defensible capital structure and not issue a vast quantity of shares. Just put out the news and dazzle the investors!” (This phase lasts 61 to 120 days.); and finally,
3. Wait a minute! “This Company is actually doing what they said they would do. New and creditable investors are following the Company. I wish I had stayed in.” (This is now an ongoing process.)

The timeline will vary but the three phases are clearly spot-on and we are now in phase 2.

In this prototyping process, we have committed the company (SBDG) to a very specific plan that is designed to build on fundamentals with a supportable and defensible market capitalization structure build around proper valuation matrices. Our approach uses preferred shares that act like an alternative currency without the volatility of a common stock. The preferred does not create convertible overhangs (weighted numbers of shares) that skew the valuation of the common shares. Management and I are taking the long view of this transaction, and fully expect that our stakeholders, present and future, will benefit from hard work and strategies that are focused and steeped in proven methods that get measured results.

I am confident and hopeful that, as we progress, we will attract investors who are looking for true and reasonable growth in their investment and who have an intermediate to long-term perspective in their investing strategies.

http://www.sbdgp.com/