here's a copy of my email correspondence with Patrick Brown. my previous email went unanswered but it was the weekend so...
I'll make sure i update the board if i get a response, but i assume he will not waste time responding if they are releasing news soon. If i do get a response i assume it will be in an effort to tell us that the update is not coming today (without violating any SEC rules...)
(Sent this email at 11:20 AM on 7/29/11)
Good morning Mr. Brown,
Following up on my previous email, we want to express our excitement over the formal offer to acquire a technology service firm in Latin America. We have been eagerly awaiting the public release of the name of the company to begin our due diligence and position ourselves for future growth of the World Series of Golf.
Will you please respond back to inform us if we will learn the name of the target company in time to begin accurate due diligence over the coming weekend?
Thank you in advance,
Mac XXXXXXXXXX
From: Mac XXXXXXXXXX Sent: Friday, July 22, 2011 3:03 PM To: 'Patrick Brown' Cc: info@worldseriesofgolf.com Subject: RE: WSGF - Share Structure
Good afternoon Mr. Brown,
Thank you for your recent reply, it helped to establish a lot of confidence in World Series of Golf and brought in many new investors.
We understand that you cannot reveal any information that is not already public knowledge, nor can you directly control the price per share of your stock.
What we would hope to learn from you personally is if you still intend to publicly update investors on the acquisition plans as mentioned in your latest news release, “World Series of Golf plans to make a formal offer to acquire the Latin America technology company later this month.”
Investors would benefit greatly from a news release regarding the progress of the “formal offer” next week.
Thank you in advance,
Mac XXXXXXXXXX
From: 4thyes@gmail.com [mailto:4thyes@gmail.com] On Behalf Of Patrick Brown Sent: Tuesday, July 12, 2011 8:36 PM To: Mac XXXXXXXXXXX Cc: info@worldseriesofgolf.com Subject: Re: WSGF - Share Structure
Mr. XXXXXXXXXX,
Thank you for emailing us. We do not currently use a Third Party IR firm, instead we work to answer any shareholder questions in house.
Please know the company is an SEC reporting company, and the most up-to-date financial information is available at www.sec.gov. Per the Company's most recent filing with the SEC, the First Quarter Report (http://www.sec.gov/Archives/edgar/data/1389879/000101376211001318/form10q.htm) for the three months ended March 31, 2011, filed on May 13th, 2011, the common stock authorized share count is 90,000,000 and the issued and outstanding common shares is 24,351,561.
As for terms on the contemplated aqcuisition, those have not been disclosed yet and are still under negotiation. We can only provide publicly available information, per SEC guidelines, as I am sure you can understand.
Sincerely,
Patrick Brown World Series of Golf
On Tue, Jul 12, 2011 at 12:59 PM, Mac XXXXXXXXX <MacXXXXXXXXXX> wrote: Hello Mr. Brown,
I do not see an Investor Relations firm listed on OTCMarkets.com so I thought it most appropriate to contact you regarding the current share structure.
Can you please confirm that the Authorized shares of 50,000,000 and the shares outstanding of 24,351,561 as reported on OTCMarkets.com is indeed accurate? You have been releasing great news over the past two months and there is some question among investors regarding release of shares by the company into the open market.
We are interested in learning how World Series of Golf will fund the effort to “continue to move forward on the negotiations to acquire the technology service firm which has approximately $20 million in annual sales.” Will you be funding this effort via sale of stock to the open market?
We are also interested to know if you are adding to your sales force in anticipation of near term growth.