Saturday, May 9, 2009
Shares do not trade for free. For example, some stock reporting services do not show any price below .001. So if a trade is executed at .0005, it might show up as .oo on the reporting service. Bid and ask quotations are not quoted below .0001. Shares are not issued for free. Shares do not trade for free.
Please remember to RSVP for the stockholders meeting if you plan to attend. Please email bob@camelotfilms.com. The meeting is this Wednesday, May 13th, 2009 at 8001 Irvine Center Drive, Suite 400, Irvine, CA 92618. The meeting will take place in the main conference room just off the main lobby beginning at 1 p.m. We expect to have call in information for those who cannot attend available on Monday, May 11th.
Wednesday, May 6, 2009
During the past few days, we have received calls and emails about what steps the company may or may not be taking in reference to the stock price issue. Please remember that we do not have any direct control over what the stock price is. We can take steps that may give the market comfort that we are headed in the right direction. We can keep everyone informed. But as we have discussed, there are many factors that affect a stock price, many of which are out of our control or influence.
First, these issues will be discussed in detail at the stockholders meeting. That is the appropriate forum at this time. We will address some of these issues briefly below.
Second, the company, its attorneys, its accountants and its advisers have been looking for a solution to the stock price issue for a long time.
At the top of the list is making sure the business works and we begin to generate revenues. As we have stated previously, the implementation of our business plan is a long term process.
Over time we have examined and continue to examine various methods to address this critical issue, including stock buy back programs, preferred stock plans, bonds (including "junk bonds"), promotional programs, stock incentive plans, acquisitions, restructurings, reverse stock splits, forward stock splits, buying programs, several financing possibilities, including structured financing agreements, and others. There are good and bad elements to each of them. Some require registration statements. Others require the infusion of outside capital. Some, like a reverse, may seem like the simple solution, but there are many things to consider, including the effect on our current stockholders. We have continued to resist doing a reverse. We have been looking into a bond type program that would result in a stock buy back since last year. Any program like that would require a registration statement. Any registration statement being considered must be prepared and looked at very carefully. Filing these statements are time consuming and expensive. We are currently preparing an S-1 registration statement in connection with a funding transaction. We hope to have a concrete plan in place as a result of this registration process in time to discuss in detail at the stockholders meeting on May 13th.
We are open to any ideas. if someone has a suggestion, please let us know. We will do our best to respond to all of the inquiry subjects at the stockholder meeting. All questions we receive will be part of the items discussed.
Remember, we are a small company with limited resources. The film business is a risky business. Investing in stocks, especially those as volatile as stocks that trade on the pink sheets and or the bulletin board, is also very risky. There are no guarantees. These stocks have to be watched very closely.
First, these issues will be discussed in detail at the stockholders meeting. That is the appropriate forum at this time. We will address some of these issues briefly below.
Second, the company, its attorneys, its accountants and its advisers have been looking for a solution to the stock price issue for a long time.
At the top of the list is making sure the business works and we begin to generate revenues. As we have stated previously, the implementation of our business plan is a long term process.
Over time we have examined and continue to examine various methods to address this critical issue, including stock buy back programs, preferred stock plans, bonds (including "junk bonds"), promotional programs, stock incentive plans, acquisitions, restructurings, reverse stock splits, forward stock splits, buying programs, several financing possibilities, including structured financing agreements, and others. There are good and bad elements to each of them. Some require registration statements. Others require the infusion of outside capital. Some, like a reverse, may seem like the simple solution, but there are many things to consider, including the effect on our current stockholders. We have continued to resist doing a reverse. We have been looking into a bond type program that would result in a stock buy back since last year. Any program like that would require a registration statement. Any registration statement being considered must be prepared and looked at very carefully. Filing these statements are time consuming and expensive. We are currently preparing an S-1 registration statement in connection with a funding transaction. We hope to have a concrete plan in place as a result of this registration process in time to discuss in detail at the stockholders meeting on May 13th.
We are open to any ideas. if someone has a suggestion, please let us know. We will do our best to respond to all of the inquiry subjects at the stockholder meeting. All questions we receive will be part of the items discussed.
Remember, we are a small company with limited resources. The film business is a risky business. Investing in stocks, especially those as volatile as stocks that trade on the pink sheets and or the bulletin board, is also very risky. There are no guarantees. These stocks have to be watched very closely.
We will check the links. We receive submissions on a daily basis. Please send directly to bob@camelotfilms.com. Please also note that we receive hundreds of scripts, treatments and story ideas both via email and by mail every month. As a result, it may take some time to receive a reply. I would recommend that if you have not heard back from us after two to three weeks following submission that you send a follow up email.
Please note that we have issued press releases and have posted our new address and phone numbers on several occasions.
Our address is 8001 Irvine Center Drive Suite 400 Irvine CA 92618. Our phone number is 949 754 3030. We have information available on our blog, facebook and twitter sites.
We have been attempting to update the web site to reflect the new information, but have been unable to do so thus far. We are working on the problem. According to the web hosting company, apparently there is an embedded technical issue that continues to block any updates that are made. We apologize for any inconvenience this may have caused anyone trying to reach us.
Our address is 8001 Irvine Center Drive Suite 400 Irvine CA 92618. Our phone number is 949 754 3030. We have information available on our blog, facebook and twitter sites.
We have been attempting to update the web site to reflect the new information, but have been unable to do so thus far. We are working on the problem. According to the web hosting company, apparently there is an embedded technical issue that continues to block any updates that are made. We apologize for any inconvenience this may have caused anyone trying to reach us.
Subscribe to:
Posts (Atom)
