I just this note from Tracey via email I am NOT Steve but here it is anyway
From an email I sent to another shareholder a few minutes ago –
Steve,
I think you have to look at the entire picture before throwing your arms up in frustration. Remember we are a very small company that is growing very fast and we face the same hurdles and successes as any new fast growing company does. The stock’s price will reflect in our reported revenues, not in our press releases. Brehm, Keaveney and I are long-term investors with a tremendous stake in MSEP. Collectively we three are the majority shareholders. It is to our advantage to grow operations, which is what we are doing, for us and in turn for every other shareholder who is invested. The bottom line is that we are doing what we set out to do in the beginning.
Regarding sales; we report sales in our quarterly reports as required by the SEC but should David feel it is necessary to announce sales on a case by-case basis than that is his right, not obligation. I am unable to disclose particulars about the Wachholz lawsuit but I can state MSEP had to recreate its sales, marketing and advertising for GS610. I wish it was as easy as picking up the phone and selling product but that is not the way it is done. Dave/John are working with key distributors who are currently selling GS610 and their goal is to provide better incentives; cooperative advertising/marketing and sales support with superior pricing. In additional they are working to create the national exposure and gain exposure through the various racing series. They are creating valuable long-term relationships that will generate loyal brand customers which add to our bottom line and which is integral for future Quadriga product lines.
Our law suit against Mr. Wachholz is proceeding forward and we still believe we are justified in suing MW. On Jan. 20th we were granted a court date of March 10 to present our case to the Judge. We are not restricted in any way from selling GS610. For what it is worth, MSEP had many unexpected issues to overcome when it took control of GS610, including time restraints and product setback. David and the gang has done an excellent job getting a handle on the Wachholz situation and prevented longer and even costly delays. These things happen and all we can do is get past them as quickly as possible and focus on the future.
MSEP will continue to progress and with time I am sure you too (and every shareholder) will be impressed with what this company has and is accomplishing. MSEP should be considered a high risk investment, not a short-term stock trade. At the end of the day you need to make that determination. I had to make that decision with Brehm, Keaveney and the business model prior to my investing in the company. I can tell you in all sincerity, I am glad that I did. I could have taken cash at anytime with my consulting contract, however, I have been reinvesting the $7,500 (and more) into more company stock for myself. I am investing because I know that the stock price is going to be substantially higher when our business model is fully implemented.
Please call or email should you have any further questions.
Tracey
Thank You,
Jim
AI
