InvestorsHub Logo

bakersson

02/23/19 11:05 AM

#82268 RE: drugmanrx #82267

I sent this to Ponder and Hayter

Dear Mr. Ponder and Mr. Hayter,

It has come to the attention of several investors in SSGI that your plan to merge with ICLD and Wavetech (WAVE) is a scheme to dilute shares and wipe out the value of the present value of the company and personally profit from this action. We see no evidence of the sales of Wavetech products that you claim and therefore see no value in merging with them. ICLD is also a company that SSGI should have no business merging with as evidenced by the this: http://securities.stanford.edu/filings-documents/1051/ISI00_01/2015220_r01c_14CV01982.pdf

On April 23 2018 the both of you took control of 51% of the voting rights of the company without any say from shareholders. Mr. Hayter has appeared on Red Chip interviews touting the intrinsic value of SSGI with the obvious intent to attract more investors to SSGI who are unaware of the nefarious plans and incestuous relationship between the corporate heads of the three companies presently planning to merge. This along with your obvious intent to dilute our investment dollars into worthless paper is an obvious breach of fiduciary responsibility. I assure you that if this merger goes through and your actions evolve as I anticipate, I will be contacting the F.B.I., S.E.C. and do everything in my power to notify authorities to prosecute the both of you.

nordicroots

02/23/19 10:19 PM

#82282 RE: drugmanrx #82267

No discussion of getting approval from shareholders for any of this prior to putting the plans in motion whereby they shifted the majority ownership from the existing shareholders to themselves? OK - after that power grab it would not make a difference as they held the majority stake and all voting rights - but that was the part the constituted robbery wasn't it? They have a fiduciary duty to minority shareholders which has been blatantly ignored to the detriment of everyone but themselves.