No Show, No Funding, No Davyd Fields --- what's ne
Post# of 2245
Posted On: 04/16/2014 8:14:38 AM
No Show, No Funding, No Davyd Fields --- what's next
http://www.otcmarkets.com/otciq/ajax/showNews...=821380645
Protek / Luxuriant Holdings Announces an Open Shareholders Letter.
Cheyenne, WY – April 15th, 2014 Protek / Luxuriant (OTC: PK PRPM) (“the company”) Releases an open letter to our shareholders regarding current company dealings.
Dear Shareholders,
Due to issues surrounding the Global Lock I regret to inform shareholders that Luxuriant Holdings will be unable to attend the Denver tradeshow. The DTC action has caused funding to be delayed until the issue is resolved. Our funding is structured on a draw as needed system which is backed by shares, we are given an allotted amount of time to repay the loans and return the shares to the treasury. Understandably, our financier would like their collateral tradable to tradable. While I am working hard with the company's lawyers to address the issue and remove the Global Lock, the company is unable, in the short term, to meet its ongoing commitment to Vortex. The tradeshow has been fully paid for (Booth 704), however, without compensation, Davyd Field and his Vortex team will not be able to attend. Effective immediately, Davyd Field will be resigning from the Board of Directors. He will work closely with Luxuriant Holdings web design team to transfer files and documents, once outstanding invoices can be paid in full. The company is truly sorry that Vortex will not be representing us at the Denver tradeshow. We are grateful to Davyd and his team for all their help and we hope to possibly work with Vortex in the future.
Luxuriant Holdings will be continuing on with all other operations and expect to come out of the Global Lock shortly with a favorable share structure and many beneficial accomplishments to share with our shareholders. I have already selected a qualified replacement to the board of directors with decades of agriculture experience which we will announce next week. I thank you all for your continued support and look forward to returning to our expansion plans when this issue at hand is resolved.
Thank You
Luther Jeffries
CEO Protek / Luxuriant Holdings
www.luxuriantholdings.com
Please visit us on Facebook for frequent updates.
http://www.otcmarkets.com/otciq/ajax/showNews...=821380645
Protek / Luxuriant Holdings Announces an Open Shareholders Letter.
Cheyenne, WY – April 15th, 2014 Protek / Luxuriant (OTC: PK PRPM) (“the company”) Releases an open letter to our shareholders regarding current company dealings.
Dear Shareholders,
Due to issues surrounding the Global Lock I regret to inform shareholders that Luxuriant Holdings will be unable to attend the Denver tradeshow. The DTC action has caused funding to be delayed until the issue is resolved. Our funding is structured on a draw as needed system which is backed by shares, we are given an allotted amount of time to repay the loans and return the shares to the treasury. Understandably, our financier would like their collateral tradable to tradable. While I am working hard with the company's lawyers to address the issue and remove the Global Lock, the company is unable, in the short term, to meet its ongoing commitment to Vortex. The tradeshow has been fully paid for (Booth 704), however, without compensation, Davyd Field and his Vortex team will not be able to attend. Effective immediately, Davyd Field will be resigning from the Board of Directors. He will work closely with Luxuriant Holdings web design team to transfer files and documents, once outstanding invoices can be paid in full. The company is truly sorry that Vortex will not be representing us at the Denver tradeshow. We are grateful to Davyd and his team for all their help and we hope to possibly work with Vortex in the future.
Luxuriant Holdings will be continuing on with all other operations and expect to come out of the Global Lock shortly with a favorable share structure and many beneficial accomplishments to share with our shareholders. I have already selected a qualified replacement to the board of directors with decades of agriculture experience which we will announce next week. I thank you all for your continued support and look forward to returning to our expansion plans when this issue at hand is resolved.
Thank You
Luther Jeffries
CEO Protek / Luxuriant Holdings
www.luxuriantholdings.com
Please visit us on Facebook for frequent updates.
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