From the CEO
Dear Investors,
It appears that our stock is once again under attack for the third day. In response to many concerned investors, I am providing
this update to share what I know. At this time, I cannot put out a press release as I don't believe it warrants spending another $600
to highlight something that is really only going to be relevant to our strong shareholders, or you, the people that are on this list.
I have reached out to our institutional shareholders and none of them have been selling over the last two days. I am not sure if
any of them sold prior, but it is limited to what they can say.
I have reached out to our largest stakeholders/partners and they have not even deposited any stock into the system.
An individual shareholder has purchased a significant stake in Myriad on the open market. He is now a 10% holder of the stock and
has filed this publicly. Prior to accumulating his position, I did not know him, however I have reached out to him to form a relationship
with him as he is now our largest individual shareholder. He is pro-bitcoin and I believe he is a long term stakeholder, as there has
been speculation about his intent as well.
No Insiders have sold any shares in Myriad anytime recently, and the last trades by any insiders were more than 6 months ago.
There was a small debt settlement with our Law firm and our accounting firm, but the amounts are not material and do not justify the
significant volume sell-off.
I am not sure if the situation with Mt.Gox has given reason to traders to short the company. This is a possibility, but I cannot confirm this.
Our daily naked-short selling data remains in the 30% range as per OtcShortReport.com ( A website we created ) and the market
maker NITE has been the main trader sending the stock downwards.
We successfully completed CryptoCafe.com and are figuring out our upcoming strategy for many announcements that we have planned for
the company both Bitcoin related and other sector entries that we feel will add additional value. We are working on closing certain deals, and
have obviously been slightly delayed due to the recent stock situation and trying to figure out how to prioritize most efficiently.
I have eliminated another $100,000+ in debt from the company just a couple of days ago and continue to work on my plan which was mentioned earlier.
Investors are reminded that we also trade in Germany, and there appears to be a significant amount of selling on that market, prior to the US market opening up.
Thank-you for your continual support in Myriad.
Derek Ivany
CEO
Myriad Interactive Media Inc.
