Dear Friends and associates of Q Lotus Holdings In
Post# of 868
Posted On: 03/24/2016 11:15:18 AM
Dear Friends and associates of Q Lotus Holdings Inc.,
Its’ been four weeks since my last letter. I apologize for the absence of more frequent communications. However, a quiet period has been required to allow time for the process to fully congeal for meaningful and appropriate communication. While Q Lotus financing is creative and powerful, it is also very complicated and highly technical. It has required a period of time to bring all of the pieces together and to take it to proper pathways which can assure its total success.
I am pleased to be able to relay to you our most recent report from the Harvesttime Worldwide Oil Trust London, LLC and Wild Stallions, LLC trading team. They have advised that they are in final negotiations to complete the precise funding tranches which will generate the cash to meet their $75,000,000 commitment to Q Lotus Holdings Inc., and that the finalization of the tranches is in the last stage of the process. Q Lotus Holdings Inc. will advise upon final agreement of the tranches and as funding is received.
I am also pleased to be able to update you on the status of the purchase by Wild Stallions, LLC of 30,000,000 shares of Q Lotus Holdings Inc. common stock at $1.00 per share. Wild Stallions is purchasing the stock through its affiliated entity, The Summer House Foundation, Inc. a copy of the fully executed stock purchase agreement is attached hereto. Wild Stallions is in the process of finalizing the funding for those shares. There are no guarantees as to the timing of payment, however, Q Lotus will advised when payments are received.
Thank you for your continued interest and support. Please don’t hesitate to contact me with any questions you may have.
Sincerely,
Gary A. Rosenberg
Chairman and CEO
Its’ been four weeks since my last letter. I apologize for the absence of more frequent communications. However, a quiet period has been required to allow time for the process to fully congeal for meaningful and appropriate communication. While Q Lotus financing is creative and powerful, it is also very complicated and highly technical. It has required a period of time to bring all of the pieces together and to take it to proper pathways which can assure its total success.
I am pleased to be able to relay to you our most recent report from the Harvesttime Worldwide Oil Trust London, LLC and Wild Stallions, LLC trading team. They have advised that they are in final negotiations to complete the precise funding tranches which will generate the cash to meet their $75,000,000 commitment to Q Lotus Holdings Inc., and that the finalization of the tranches is in the last stage of the process. Q Lotus Holdings Inc. will advise upon final agreement of the tranches and as funding is received.
I am also pleased to be able to update you on the status of the purchase by Wild Stallions, LLC of 30,000,000 shares of Q Lotus Holdings Inc. common stock at $1.00 per share. Wild Stallions is purchasing the stock through its affiliated entity, The Summer House Foundation, Inc. a copy of the fully executed stock purchase agreement is attached hereto. Wild Stallions is in the process of finalizing the funding for those shares. There are no guarantees as to the timing of payment, however, Q Lotus will advised when payments are received.
Thank you for your continued interest and support. Please don’t hesitate to contact me with any questions you may have.
Sincerely,
Gary A. Rosenberg
Chairman and CEO
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