Q & A with President Frank Kristen Dear Mr. Kris
Post# of 323
Posted On: 01/18/2014 6:56:42 AM
Q & A with President Frank Kristen
Dear Mr. Kristan, (HIS ANSWERS ARE IN BOLD)
I just want to say thank you very much for the great job you are doing in updating your shareholders. The stock has become very exciting, and is drawing more long term investors in, and I am anxiously awaiting to hear about the closure of the company debt and how Ludvik Holdings Inc. is moving forward.
I was writing to ask a few questions and if you have time, I would appreciate any replies I get.
1. I have researched, and found "Gulf Interstate Field Services" as the possible candidate of the employee leasing LOI
"The company's revenues for 2014 will be in excess of $100m and provide earnings of least $5m in 2014. The company currently has 800 contractors that primarily provide services to the oil and gas industry."
I have found that this company matches the description of the press release. Is it possible you can comment on that, or tell me which company you intend to acquire for the stock? I understand if you cannot comment.
I can say that the company you mention is not the company we are currently under letter of intent. I can confirm that the company we have under letter of intent is as previously disclosed is doing approx. $100m in revenues and $5m in EBITDA.
2. What is the best reason for acquiring the interest in the Dr. Belts Back fix? Do you feel like this company has the potential to move alot of units and bring in good revenues? I was wondering myself if that company is going to run TV advertisements like Dr Scholls does.
We see an opportunity in the medical industry and like the business model for branding medical devices. Dr Belts is planning to increase its advertising exposure and acquisitions to increase the brand awareness.
3. Is there any update on the worldwide internet patent pending cell phone technology? according to my research this could potentially be the most powerful asset/revenue generator for the company if it were to be successful/manufactured and distributed.
We are still working on the patents and will keep you updated.
4. In the previous 'shareholder update' you wrote:
"There have been three transactions completed by the company already this year to acquire more than $25 million in assets and commitments to retire debt by December 31, 2013. "
my question is "Will the Quarter 4 filing show 25 million in assets? or will it be what is already there (18 million) + an added 25 million= apx. 42 million or more???
The acquisitions that have been completed will show in excess of the $25m in assets in addition to others to be completed by December 31 with approximately $950,000 in debt retired.
5. The 3 million dollar leasing portfolio acquisition was acquired for 3 million in series C preferred shares. With the share price currently under .01 cent, and liquidity no where near being capable of converting 3 million--- I expect the share price must be much higher in order for those preferred shares to convert. In time i suspect the price per share to correct itself much higher than .01 cent as the company begins to show it's true value over the next few quarters, within the filings and announcements. Would you say this is an accurate, or perhaps a goal of the company over the next few years ?
The $5.00 Series C preferred shares are based on a conversion price of at least $0.50c per share. There are currently 660,000 shares issued that would convert to 6m shares which would be approximately 1% of outstanding.
6. Do you ever plan to audit WNTR's (LDVK's) financials ? or perhaps uplist to a higher exchange?
It is the company's position that it intends to have audited statements and uplist on to the NASDAQ or AMEX in 2014.
7. Updating the worldwideinternetinc.com website, or the Ludvik website anytime soon?
Yes we are working on updating both websites in the near future.
Thank you Frank it is always a pleasure speaking with you and I thank you for all the generous updates. I am a very proud shareholder and I am always telling everyone how great this stock is, and I am in this stock for the long term very excited to see the company Ludvik Holdings grow and become a great Holdings company.
Dear Mr. Kristan, (HIS ANSWERS ARE IN BOLD)
I just want to say thank you very much for the great job you are doing in updating your shareholders. The stock has become very exciting, and is drawing more long term investors in, and I am anxiously awaiting to hear about the closure of the company debt and how Ludvik Holdings Inc. is moving forward.
I was writing to ask a few questions and if you have time, I would appreciate any replies I get.
1. I have researched, and found "Gulf Interstate Field Services" as the possible candidate of the employee leasing LOI
"The company's revenues for 2014 will be in excess of $100m and provide earnings of least $5m in 2014. The company currently has 800 contractors that primarily provide services to the oil and gas industry."
I have found that this company matches the description of the press release. Is it possible you can comment on that, or tell me which company you intend to acquire for the stock? I understand if you cannot comment.
I can say that the company you mention is not the company we are currently under letter of intent. I can confirm that the company we have under letter of intent is as previously disclosed is doing approx. $100m in revenues and $5m in EBITDA.
2. What is the best reason for acquiring the interest in the Dr. Belts Back fix? Do you feel like this company has the potential to move alot of units and bring in good revenues? I was wondering myself if that company is going to run TV advertisements like Dr Scholls does.
We see an opportunity in the medical industry and like the business model for branding medical devices. Dr Belts is planning to increase its advertising exposure and acquisitions to increase the brand awareness.
3. Is there any update on the worldwide internet patent pending cell phone technology? according to my research this could potentially be the most powerful asset/revenue generator for the company if it were to be successful/manufactured and distributed.
We are still working on the patents and will keep you updated.
4. In the previous 'shareholder update' you wrote:
"There have been three transactions completed by the company already this year to acquire more than $25 million in assets and commitments to retire debt by December 31, 2013. "
my question is "Will the Quarter 4 filing show 25 million in assets? or will it be what is already there (18 million) + an added 25 million= apx. 42 million or more???
The acquisitions that have been completed will show in excess of the $25m in assets in addition to others to be completed by December 31 with approximately $950,000 in debt retired.
5. The 3 million dollar leasing portfolio acquisition was acquired for 3 million in series C preferred shares. With the share price currently under .01 cent, and liquidity no where near being capable of converting 3 million--- I expect the share price must be much higher in order for those preferred shares to convert. In time i suspect the price per share to correct itself much higher than .01 cent as the company begins to show it's true value over the next few quarters, within the filings and announcements. Would you say this is an accurate, or perhaps a goal of the company over the next few years ?
The $5.00 Series C preferred shares are based on a conversion price of at least $0.50c per share. There are currently 660,000 shares issued that would convert to 6m shares which would be approximately 1% of outstanding.
6. Do you ever plan to audit WNTR's (LDVK's) financials ? or perhaps uplist to a higher exchange?
It is the company's position that it intends to have audited statements and uplist on to the NASDAQ or AMEX in 2014.
7. Updating the worldwideinternetinc.com website, or the Ludvik website anytime soon?
Yes we are working on updating both websites in the near future.
Thank you Frank it is always a pleasure speaking with you and I thank you for all the generous updates. I am a very proud shareholder and I am always telling everyone how great this stock is, and I am in this stock for the long term very excited to see the company Ludvik Holdings grow and become a great Holdings company.
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