This week we focused on getting the filing with the State of Wyoming up to date as the company had fallen delinquent. This can be viewed at https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=108194067094219057175103048254161232094048197154 .
Negotiations are proceeding with our acquisition targets, and we hope to have some public announcements available in the next few weeks.
I want to thank the investors for the confidence they showed in me by the movement in the stock since my first announced last week. I know the perils of pink sheet and penny stock investing, and I am truly humbled by the response the market has shown. While I understand the need to take profits; I hope many investors will see the long term approach and opportunity MNZO offers.
I am adding a form at http://robertritch.com/mnzo/ where you can submit your questions, comments, and concerns.
Below are some questions that I have been asked and my responses:
Question: I see your Share Structure is very small especially for the Caliber of businesses you’re bringing into MANZO, but I do have to ask. Do you intend to do a Reverse Split essentially wiping out us Shareholders when you file for a name and symbol change? I hope not, but it’s a question I must ask.
I responded”I totally understand your concern as I am also an investor and have experienced the good and bad of those moves. At this time, I have no plans to do a reverse split. My philosophy to use the baseball analogy is not to swing for home-runs but singles. Many advisors have told me that you cannot build a company from $0.0001 with a reverse split. It may take me longer, but I believe I can by making the right moves and having a structured long term plan. I am in this for the long run not to just pump the shares and move on!”
Questions: Robert could you please Tweet or in your Friday announcement to shareholders cover the DTC Chill issue. Many cannot purchase this stock.
I answered: I am aware of this issue and this is the result of former management team committing securities violations; see https://www.sec.gov/litigation/complaints/2017/comp-pr2017-33.pdf
When I took control of MNZO; I fully realized the up hill battle I was facing but did not consider these issues to be too big to overcome. Again, I want to emphasize that I am in this for the long run. I do not have a timeframe at this point but will be working on this issue.
Question: Do you have any idea when you are going to start submitting financials so we can become current. That alone would increase the stock price considerably?
Answer: I am working toward this but do not have a firm timeframe at this time.
I feel we have accomplished a lot in a week, but I openly admit there is still a lot of work to do; this reminds of a saying one of my mentors used “If it was easy; everyone would do it!”