My Q&A With Seller of SIPC
Hello I appreciate your time and efforts in getting back to me I have a few questions re SIPC as a shareholder. I formulated these questions in a bullet point form so you can just answer YES or NO or NO Comment or add anything you wish that may help us better understand where the company is at.
**** NOTE **** I edited the string of e mails that went back and forth for ease of reference and deleted duplicates. Where certain Q said 1 thing and answer in a follow up e mail differentiated I double checked just to make sure.
Q We know the company is for sale. Is it sold hows that coming along?
A: Yes conditionally sold (LOI) in place working on merger details.
Q If sold will you PR that? What kind of a company bought?
A LOI is cond not worth PR that. Medical Marijuana Co.
Q Is Izzy and Tom Viola still involved with Co I see some changes on State SOS and OTC shows no names of officers. We all think they are bad news. Any comments on that?
A: Both officers gone! Yes those kids were up to no good. Enough said. They are istory
Q If Izzyand Viola are there how much stock do they have?
A: They are gone! OUT! We think they did several rounds of toxic financing and took a chunk for their account.
Shares Outstanding 469,857,488 a/o Sep 30, 2012
Float We estimate is same as SO Bo shares were issued since 2011 they converted the merger shares with toxic financier
Authorized Shares 888,000,000 a/o Sep 30, 2012
Q: Where do you see share price of SIPC in 3 6 or 12 months
A Theres roughly 150 mill shares or so in toxic hands. We estimate. If that goes in friendly hands resistance is at 004 and who knows after that 009
Q Why did co go dark in past
A We are the preferred shareholder financier. You need to ask ex management Tom Viola and his side kick that question. We told you those kids were up to no good and were stopped in the act. They are history other than the damage done. This co is in 000 range and control was handed over in penny area, so you can sort of see their past performance
Q Is the Marijuana company looking to dilute further?
A Not if they can get the cash just to pay for the company. Dilution should in our opinion be at a minimum or if they do maybe 600 million shares tops in our opinion. They are looking to grow a real business and marijuana is hot right now.
Q If this is a good merger why woudnt you stay in and dribble out overtime? Just curious? You don’t have to answer ths if you don’t want to ?
A: Pink sheets are a small portion of our business. We service large reporting co quoted on Nasdaq and NYSE from China listed in USA. Our clients compliance department does not look upon Pinks very favorably. Too many “Tom Viola” type operators out there if you know what we mean? If it’s a small amount or some reasonable amount yes we would hold a note to make the deal happen. If it makes a win win win why not?
Q Can you tell me more about Marijuana co merger?
A There’s actually 3 different candidates all in same industry. They are all good. Revenue generating stage. Some have a business plan others are seasoned veterans in running a business. We are selective in who we sell to.
Q Will there be a reverse split?
A No???!! The co has about 500 mill shares. Reverse splits are done when all else fails when co is in triple 000s boxed in and multi billions of shares in float. We advise buyers not to but I guess nothing stopping them? In our opinion in case of SIPC chances are slim of a reverse.
Q: I saw somewhere that there was a chill DTC chill on SIPC. Hows that effecting things?
A: Once Tom Viola and Izzy were deleted as officers on State filings we applied to DTCC and chill was removed. SIPC is all clear! Chill gone!
Q If Marijuana deal happens whats happening with Spectre and Coffee Biz in SIPC?
A: Forget about Spectre! Its out over done with. That biz died in 2007 Tom Viola and crew were doing smoke and mirrors pretending that business was a going concern. They were dragging a dead horse! BUSTED ! They are OUT! The coffee biz is doing OK. Self supporting. They will need to be bought out. The shares they were issued in the merger will go to marijuana company so the share structure should not change.
Q If coffee business was doing fine why didn’t they PR that?
A They saw no benefit of being public. They raised no money issued no shares did no dilution and saw their names all over internet being slandered. They didn’t understand how and why this is so. Some CEO are sensitive when their babys are attacked others are thick skinned.
Q What if the marijuana company pulls the same stunt as coffee biz? No PRs no updates then what?
A If you are in a marijuana business you are thick skinned a mover and a shaker that walks the fine gray line. The marijuana operators are the real deal for public company. They will PR they will do awareness those kids know the score at all times. They are not small thinkers.
Q Will SIPC remove the STOP sign and go current?
A That stop yield current thing is something Pink sheets dreamed up few years ago. Yes pay $4500 a year and get a yield. File a half baked 211 and a co gets current. All the hoopla for $4500.? The comment on Pinks that the company is “unwilling” is erroneous how can they be unwilling if there is a $4500 road block. Anyhow that’s something the USA regulators need to address and maybe in time they will.
Q. Can I share this info with others?
A We don’t care. We copy and paste what other shareholders ask and answer the ticket plus add what we told others even if they didn’t ask that question. It’s a public company whats the difference we just give everyone the same info so yes dissimilate the info if it helps your cause.
Thank you for all your answers and information. We hope the sale happens and that you do well ad that we all do well.
A: You very welcome. Hopefully this will all come together and yes PRs and filings and Pinks will be updated we are sure.
Im not a basher nor a pumper! Play your own hand!
