HIRU Corporation Updates Shareholders Jan 24, 2
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Posted On: 01/26/2017 3:17:36 PM
HIRU Corporation Updates Shareholders
Jan 24, 2017
OTC Disclosure & News Service
Boulder, CO -
To the shareholders of HIRU Corporation:
As one would expect, I have been inundated with emails. While I can certainly understand the excitement, I have to direct your attention to PRâs and our website (once it is live) for information. I cannot give out information via email, nor do I have the time to communicate on a personal level with each of you at this time. I ask that you all please respect that request and try to avoid contacting me with questions I cannot answer.
I will say that we plan to take the appropriate steps to make this company great. This means both from a business standpoint as well as a securities standpoint. Our shares are being held very tightly, and except for shares issued for control purposes, we have no intention of unnecessarily diluting our securities with frivolous issuances. As some of you know, our outstanding shares were maxed to the level of the Authorized and in order to complete our transaction we will need to increase that so that control shares can be issued. Any of these issuances would be locked up for a year under securities law, as well as belonging to Insiders of the company, so they pose no threat to the float for the coming year. Most of the current holders of restricted shares hold very small amounts and I am sure some of them will want their shares freed up. Iâd expect a small number of our restricted shareholder base to request this, but not very many. We will negotiate with any larger shareholders to release shares at a controlled rate to lessen the impact. However, as a shareholder you should expect this to happen and it should be no surprise. I will point out that removing the legend from restricted shares of a Pink Sheet stock, and clearing them for sale takes time and certainly it is not happening for quite a while from what I am told. For your information, to date, not one restricted shareholder has requested legend removal. This doesnât mean they will not, but thus far there have been none. I will add that we have no plans for a split of any kind, and we believe our business will sustain the number of outstanding shares quite easily.
We do have some debt on the books as I am sure everyone knows. I am personally negotiating with debtors and expect to get some cooperation. I expect that the debt will be lowered willingly by the debt holders and it is my intention to get the terms modified to control the release or payback of this debt over time. By the time that happens I fully expect the merits of our project to far outweigh any small trickle of dilution we see down the road, so this should not be a major factor in our securityâs success. However, again I will point to our disclosures and tell each of you that there should be no surprises as everything has been disclosed. When investing for myself I always look at what can possibly happen as well as what I think will happen. This is why projects like this offer such reward, because they also offer risk. There are no guarantees that it executes the way we want it to, but I have a great team and my confidence is very high.
I also want to point out that although we are currently âPink Current", we do still have a Caveat Emptor on the company. Before we start releasing a lot of PR information, We need to have that removed. We have supplied OTCMarkets what they have requested to remove it, and have been told it will not take long. We are simply waiting for them and that is all we can do at this time.
In closing I will address the question of former officers, consultants, and debtors. I will say definitively that nobody involved as a shareholder, debtor, or control person before I stepped in to my role here is still involved in any decision making capacity. I have heard all kinds of logic connecting us to other securities and individuals, and I can tell you that the only people in a position to influence the outcome of this project is me and my Board of Directors. None of us have been involved with an OTC public company before. I know this communication does not tell you a whole lot about me, my companies, or my team, but I ask for your patience in the weeks to come as we carefully and effectively release information and complete the project so that we can move on to become a leader in our emerging industries.
Thank you for your interest in HIRU Corporation.
John Zimmerman
CEO/President
This news release contains "forward-looking statements". Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future of HIRU Corporation. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the market and difficulties associated with putting together complex transactions. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Jan 24, 2017
OTC Disclosure & News Service
Boulder, CO -
To the shareholders of HIRU Corporation:
As one would expect, I have been inundated with emails. While I can certainly understand the excitement, I have to direct your attention to PRâs and our website (once it is live) for information. I cannot give out information via email, nor do I have the time to communicate on a personal level with each of you at this time. I ask that you all please respect that request and try to avoid contacting me with questions I cannot answer.
I will say that we plan to take the appropriate steps to make this company great. This means both from a business standpoint as well as a securities standpoint. Our shares are being held very tightly, and except for shares issued for control purposes, we have no intention of unnecessarily diluting our securities with frivolous issuances. As some of you know, our outstanding shares were maxed to the level of the Authorized and in order to complete our transaction we will need to increase that so that control shares can be issued. Any of these issuances would be locked up for a year under securities law, as well as belonging to Insiders of the company, so they pose no threat to the float for the coming year. Most of the current holders of restricted shares hold very small amounts and I am sure some of them will want their shares freed up. Iâd expect a small number of our restricted shareholder base to request this, but not very many. We will negotiate with any larger shareholders to release shares at a controlled rate to lessen the impact. However, as a shareholder you should expect this to happen and it should be no surprise. I will point out that removing the legend from restricted shares of a Pink Sheet stock, and clearing them for sale takes time and certainly it is not happening for quite a while from what I am told. For your information, to date, not one restricted shareholder has requested legend removal. This doesnât mean they will not, but thus far there have been none. I will add that we have no plans for a split of any kind, and we believe our business will sustain the number of outstanding shares quite easily.
We do have some debt on the books as I am sure everyone knows. I am personally negotiating with debtors and expect to get some cooperation. I expect that the debt will be lowered willingly by the debt holders and it is my intention to get the terms modified to control the release or payback of this debt over time. By the time that happens I fully expect the merits of our project to far outweigh any small trickle of dilution we see down the road, so this should not be a major factor in our securityâs success. However, again I will point to our disclosures and tell each of you that there should be no surprises as everything has been disclosed. When investing for myself I always look at what can possibly happen as well as what I think will happen. This is why projects like this offer such reward, because they also offer risk. There are no guarantees that it executes the way we want it to, but I have a great team and my confidence is very high.
I also want to point out that although we are currently âPink Current", we do still have a Caveat Emptor on the company. Before we start releasing a lot of PR information, We need to have that removed. We have supplied OTCMarkets what they have requested to remove it, and have been told it will not take long. We are simply waiting for them and that is all we can do at this time.
In closing I will address the question of former officers, consultants, and debtors. I will say definitively that nobody involved as a shareholder, debtor, or control person before I stepped in to my role here is still involved in any decision making capacity. I have heard all kinds of logic connecting us to other securities and individuals, and I can tell you that the only people in a position to influence the outcome of this project is me and my Board of Directors. None of us have been involved with an OTC public company before. I know this communication does not tell you a whole lot about me, my companies, or my team, but I ask for your patience in the weeks to come as we carefully and effectively release information and complete the project so that we can move on to become a leader in our emerging industries.
Thank you for your interest in HIRU Corporation.
John Zimmerman
CEO/President
This news release contains "forward-looking statements". Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future of HIRU Corporation. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the market and difficulties associated with putting together complex transactions. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
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