12.31
TORONTO, Dec 31, 2009 /PRNewswire-FirstCall via COMTEX/ — http://www.skybridgetechgroup.com (Skgo) Further to the issuers November 18 2009 and December 7 news release SkyBridge Technology Group Inc. (SKGO) is providing its followers and shareholders with a brief update vis a vis general business matters and the pending USA green energy company merger.
The company has recently completed a set of filings with pink sheets including its 2007 and 2008 year end financials and its preferred share structure. Jeffrey Allan Senior IR representative said, “We on behalf of the companies will file additional other new filings with Pink Sheets over shortly in an effort to obtain full transparency status for the issuer; and to get a good start and a leg up with a start of the 2010. We remind the followers that these filings and materials are all overdue documentation which should have been filed long time ago by the management of the company. It is our policy and we advise all clients to become as fully transparent as possible. We assist and organize the issuers financing ahead of time and provide guidance consistent with protecting shareholders rights and values. This is a natural evolution in that process. Once filings completed shortly, and reviewed by Pink Sheets the “STOP” rank should be upgraded thereafter. Many of the novice investors should not be alarmed by these filings nor be influenced by stock bashers using various pseudo with hidden agendas on the Internet. In the past these individuals have been successful for example in thwarting other issuer’s attempts for a merger or signing up a new significant client or contract thus erasing thousands of dollars of value off the company books and the company’s legitimate shareholders. This tactic sometimes works with foreign subsidiaries, who do not realize that there is huge money to be made in short selling, offering naked short selling support and oversold positions or simply destroying other individuals’ hard work. With this being said, the USA based green energy subsidiary, targeted by SKGO is up to the challenge to prove these individuals wrong as it grows its business to a new level.
In summary, the due diligence stage has been completed to everyone’s satisfaction. The USA green energy merger is well underway with the documents in issuer’s lawyer’s office for a final review. The merger is being organized with a nominal current shares distribution and via acquisition of the preferred shares. As aforementioned, the company has no plans to recapitalize/dilute. It intends to grow organically with revenues and sales of its product. Alternative financing is being arranged for the issuer. The currently filed financial statements are a reflection on the past when the issuer was in distress and not the current situation or what the future may hold for the company. We are also talking to a China based recycling company with over 100 employees and substantial revenues about SKGO as a possible second merger. Lastly the process of preparing adequate disclosure with Pink Sheets for SKGO is well under way. Obviously new management and new board of directors will be appointed with the completed merger. News released and appropriate documents filed with Pink Sheets”.
To receive future updates via email, including quarterly newsletters and company updates that may not be newsworthy, however important to the reader and followers of the company, please sign up today at www.minamargroup.com/updates
No Comment.
Add Your Comment