Got a better response from Jim than I expected. Ta
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(Total Views: 1157)
Posted On: 11/20/2018 4:34:24 PM
Got a better response from Jim than I expected. Take from it what you will.
" Mr. XXXXXX
Thank you for being an SSOF shareholder. We appreciate your interest in our company.
Please be advised that neither the Company nor Mr. Clayton specifically, reply to specific shareholder email questions or discussion items since we are a public company and fall under certain non-disclosure requirements as specified by the securities and exchange commission. Accordingly we prefer not to run afoul of this requirement by engaging in discussions with a single shareholders in which certain non-public information may be inadvertently disclosed and thus breach the requirement of communicating all company information which is to be public to all parties simultaneously. Accordingly, only information that is publicly available will be provided to the public shareholders.
With that said, I appreciate your points and follow your line of inquiry. In a manner of response, I would direct you to reread our press release on November 7, 2018 in which we confirmed and support the Letter of Intent signed with 10sion. The third paragraph of the release notes that the Letter of Intent is simply the first step in a longer process and that several additional steps need to be completed before an acquisition is completed. The language of the second line in the third paragraph specifically states "..It should be expected that the current S-1 statement by 10sion will be amended and adjusted to reflect the provisions and terms of the definitive acquisition agreement..." Further, in the last line of the second paragraph the Company specifically stated , "..Although there is the expectation by both parties that each will be successful in their respective performance requirements, there are no guarantees that the acquisition will be completed." The Company will be releasing additional new of our actions with 10sion once they are complete and we can make public.
I am sure you are aware that the operation and management of a public company such as 665 Energy is not a simple process nor completed by decisions which are for the benefit of or appreciated by all shareholders. There are always benefits and opportunity costs to every decision. We fully understand your desire for more information, but at this time can only offer that which has been publicly disclosed. Further, I encourage you to understand that your investment in SSOF, or any public company, is of your own choosing and counsel and that any investment may be at risk.
Again, thank you for your interest in our company.
Respectfully,
Jim Frazier, EVP"
" Mr. XXXXXX
Thank you for being an SSOF shareholder. We appreciate your interest in our company.
Please be advised that neither the Company nor Mr. Clayton specifically, reply to specific shareholder email questions or discussion items since we are a public company and fall under certain non-disclosure requirements as specified by the securities and exchange commission. Accordingly we prefer not to run afoul of this requirement by engaging in discussions with a single shareholders in which certain non-public information may be inadvertently disclosed and thus breach the requirement of communicating all company information which is to be public to all parties simultaneously. Accordingly, only information that is publicly available will be provided to the public shareholders.
With that said, I appreciate your points and follow your line of inquiry. In a manner of response, I would direct you to reread our press release on November 7, 2018 in which we confirmed and support the Letter of Intent signed with 10sion. The third paragraph of the release notes that the Letter of Intent is simply the first step in a longer process and that several additional steps need to be completed before an acquisition is completed. The language of the second line in the third paragraph specifically states "..It should be expected that the current S-1 statement by 10sion will be amended and adjusted to reflect the provisions and terms of the definitive acquisition agreement..." Further, in the last line of the second paragraph the Company specifically stated , "..Although there is the expectation by both parties that each will be successful in their respective performance requirements, there are no guarantees that the acquisition will be completed." The Company will be releasing additional new of our actions with 10sion once they are complete and we can make public.
I am sure you are aware that the operation and management of a public company such as 665 Energy is not a simple process nor completed by decisions which are for the benefit of or appreciated by all shareholders. There are always benefits and opportunity costs to every decision. We fully understand your desire for more information, but at this time can only offer that which has been publicly disclosed. Further, I encourage you to understand that your investment in SSOF, or any public company, is of your own choosing and counsel and that any investment may be at risk.
Again, thank you for your interest in our company.
Respectfully,
Jim Frazier, EVP"
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