Ultimately, the intent is to re-build the shareholder value. Long-term we also have to qualify for an application to be listed with a major market like e.g. NASDAQ National Market and to graduate from the Bulletin Board as soon as possible. Currently, we are subject to the SEC's 'penny stock rules' because we are on the Bulletin Board and our stock price is less than $5.00 per share. That means that stockbrokers cannot legally 'solicit' their clients to buy Ariel Way stock. Also, many institutions are limited to buying only listed stocks - a key reason for us to become fully listed.
We believe it is important that we re-establish our investors' trust in us and that we can re-build access to various funding alternatives. Our management team and Board of Directors need to be expanded in order to accelerate the growth of the Company and to ensure adequate corporate governance. As we go, we also need to establish new agreements with highly respected investment bankers to support our financing strategy and raising of adequate capital for the growth of the business.
In closing, I would like to personally thank each and every Shareholder for their support and I look forward to be part of building Ariel Way into a large, profitable company.
Respectfully,
Arne Dunhem
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