Smart Ventures Letter to Shareholders
29 May 2014 - 4:45AM
Marketwired
Smart Ventures Letter to Shareholders
HOUSTON, TX--(Marketwired - May 28, 2014) - SMART VENTURES, INC.
(OTC Pink: SMVR) (PINKSHEETS: SMVR)
Dear Fellow Stakeholders,
Smart Ventures, Inc. is on a path to tremendous growth and
increased revenue. We have received several emails and phone calls
expressing concern over the price per share. When Smart Ventures,
Inc. acquired The Sanday Corporation there was a 1 for 1 share
exchange for all the outstanding shares of The Sanday Corporation
which was disclosed in our initial disclosure statement to
shareholders. There was a significant amount of shares already
outstanding in the float. The company has not sold any dilutive
convertible notes to investors, although it reserves the right to
do so in the future if it is deemed in the best interest of the
company. Currently the company is financially stable with revenues
generated consistently. We acquired this company in January 2014
with little to no trading volume and the market has reacted
creating liquidity. We have considered a reverse split as an option
to raise (PPS), however the CEO is opposed to this strategy which
has been raised by many shareholders in favor of and against. The
company will keep this option open and may put it to a shareholder
vote. We hope the growth of the company with stronger revenues will
raise the price per share to the level of satisfaction our
shareholders deserve. Keep in mind the stock has only had sustained
trading volume for 5 months since we took over, and we believe the
price will recover. We have learned that on certain trading days
which reflected high volume, some were what is known as double
prints (double the amount of shares) on the tape meaning the volume
was not correctly reflected by what was reported in the market
close. We were surprised to learn that this occurs, but apparently
it does. The company has no control over daily liquidity which
includes day traders, shorters, market makers and real shareholders
(Long players). The company insiders being the CEO and his wife
have not sold any of their position, because they are real
stakeholders who believe in the company and have owned The Sanday
Corporation for more than 10 years. The CEO and his wife are the
majority shareholders, whose shares are restricted holding
800,400,000 shares. We hope to add more real stakeholders who are
not just looking to turn a quick buck and hold for real (PPS)
appreciation. We do operate the company from a home based office
which the CEO has owned for many years. We use contract staff that
is often in the field on assignment or work from their own offices,
so there is not a necessity to increase expenses for a separate
office at this time. The CEO has made more than $500,000 a year in
income for more than 10 years before merging with Smart Ventures,
Inc. In our efforts to create greater shareholder value, we
initiated several strategic business plans which included
development of a midstream transportation division which is
generating revenue and Cannabis Funding Group which is conducting a
capital raise through outside consultants IndigoFitch as previously
reported.
We acquired a fleet of tractor trailer trucks, secured contracts
to have the trucks put into service to generate more revenue in the
company. We look forward to reporting this revenue in the second
quarter.
Our Cannabis Funding Group has received several calls and
letters of interest from companies in the cannabis business seeking
strategic funding both in the US and Canada. We have also had
meetings and discussions with several institutional investors for
direct investment in both Cannabis Funding Group and its parent
company Smart Ventures, Inc. We hope to begin funding our joint
venture partners in the Cannabis industry soon, which will generate
we believe significant revenue as we own a considerable equity
stake in those ventures.
We are continuing our efforts to grow our drilling services
division through new technology offering additional services and
marketing. We are discussing possible distributorship agreements
with oilfield equipment suppliers. As a distributor we would
utilize our relationships to sale products and earn commission
revenue for the company. We are also conducting due diligence on
several potential acquisition candidates to increase revenue,
assets and profits.
We have presented our financials and banking records to an audit
firm to review and prepare audited financials for us to become
fully reporting and take necessary steps to qualify for up listing
to the OTCBB. We are still awaiting the audit firm's indicative
approval and quote to prepare the audit. Once we receive this
approval from their audit committee we will then retain and report
an update to shareholders.
"We believe patient capital will prevail as we grow this
company, we thank you for your vote of confidence and support
fellow stakeholders," says CEO Roger Smith.
About Smart Ventures Smart Ventures, Inc. is an independent
energy company engaged in engineering extended reach drilling
services, acquisition, development, production, and exploration of
oil, gas and minerals internationally. We also formed a midstream
transportation division with a fleet of trucks. We began to offer a
diverse range of armored vehicles which compliments out midstream
transportation division. Additionally we expanded into the cannabis
industry through our subsidiary companies Cannabis Funding Group,
Inc. and Cannabis Casualty Insurance, Inc.
www.sandaydrilling.com www.smartventuresinc.com
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS This
press release contains forward-looking statements that involve a
number of risks and uncertainties. Forward-looking statements
generally can be identified by the use of forward-looking
terminology such as "believes," "expects," "may," "will," "intends,
"plans," "should," "seeks," "pro forma," "anticipates,"
"estimates," "continues," or other variations thereof (including
their use in the negative), or by discussions of strategies, plans
or intentions. A number of factors could cause results to
differ materially from those anticipated by such forward-looking
statements, including those discussed under "Risk Factors" and "Our
Business." Forward-looking statements are subject to known and
unknown risks and uncertainties and are based on potentially
inaccurate assumptions that could cause actual results to differ
materially from those expected or implied by the forward-looking
statements. Our actual results could differ materially from those
anticipated in the forward-looking statements for many reasons.
Safe Harbor: This release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 27E of the Securities Act of 1934. Statements contained in
this release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approval for anticipated actions.
Media Relations: Roger Smith Contact: (832) 717-4412 Email:
info@sandaydrilling.com Websites: www.sandaydrilling.com
www.smartventuresinc.com
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