First and foremost, I would like to thank all our shareholders for their continued support over the past few years of trials and tribulations. Secondly, I would also like to welcome the new shareholders and thank them for their vested interest in our new business direction and efforts.
The intent of this letter is to get an opportunity to bring everyone up to date on the direction of our company and more importantly, recent events in regards to the advancement or business development of said new business direction.
Past Opportunities and Investments:
Over the past few years,Ramoil
Therefore, as mentioned in the
In said business model, we will no longer be bound by another's prior obligations or constraints and are free to determine and realize our own value. This means that our future and our destination stems from "us" and us alone.
Clarification and Correction of the Press Release regarding the
"In connection with this agreementRamoilwill begin to sell all materials needed,exceptthe actual plants and/or seeds and/or anything containing THC to
We expect that by
InRamoil'snew direction as a Supplier of Equipment and Raw Materials to the
Over the past few months I have received many comments and inquiries as to RAMO's stock structure and liquidation of shares by insiders. Please let it be clearly known and understood, that the insiders, both Management and Directors alike, do not hold any free trading stock in RAMO, as we are taking a long-term approach to RAMO through the holding of restricted shares only.
To this end, there has been some strong selling in the market creating downward pressures on our stock price and market value at its current level. After some research, it has come to our attention that RAMO is oversold, due to or seemingly to, naked short selling by upwards of 20% to 30% of the float. We are presently working to resolve this issue and are discussing all options in this,including a "certificate verification" (aka: cert call). We expect that this will correct the short positioning.
Finally, per our market positioning, we are in the process now of updating all filings with
The Board of Directors would again like to take this opportunity to thank all shareholders for their patience and continued support, and looks forward to enhancing shareholder value as we proceed.
/s/ Michael J.Goeree
Chairman, President & CEO
The information provided in this letter is intended solely for the general knowledge of our shareholders and does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities ofRamoil
This letter contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development of our property interest and any exploration or test results that we may obtain.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. In particular, estimating resources and reserves involves inherent engineering uncertainties as well as inherent uncertainties about the future fluctuations in the price of electricity, which can cause estimates of economic reserves to be revised upwards or downwards. Other factors affecting forward looking statements include, among others, the inherent uncertainties associated with technologies developments; legislative, environmental, judicial, regulatory, political and competitive developments in areas in whichRamoil
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