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[QUOTE]Originally posted by eddy: [QB] I just got 2 emails fr emails from the ceo--1-Steve, can you comment on this post that someone posted? I hope it > is true! have a great Memorial Day weekend!!! > I just read this and want to know if there is any truth to this??? > Has anyone gotten wind of this information??? > > "This stock is serious business. It has a solid base, it has a > company that is accomplishing tasks, it's not driven by PRs or > pumpers. They just closed a $672,000,000 loan (not a typo) and they > haven't even announced it yet. They also said in an interview that > they plan on buybacks with profit from these loans." > Bob, No, that is not true. Your email is the first I've heard of that rumor; and I do not know who is stating this. We are ABSOLUTELY NOT working with any kind of pumping firm or individuals, but it appears this person is either taking things into their own hands or got hold of inaccurate information from someone else. We have not published or disclosed any information like this at all to anyone. As you know, we are working on a large capital investment with investment firms, and we expect large amounts of money for a company of our size; and with our low-overhead affordable infrastructure growth plan, large amounts will go even farther with us than with many public companies. However, an infusion of over half a billion dollars would not only be unrealistic for a microcap company, but potentially come with undesirable costs to shareholders and company alike; I assure you, if we find a good and fair deal like that, we will gladly do it -- we would be happy to spend that kind of money making Somatics (and our products and services) a household name in every country, not just the US. Steven Aronstein, CEO Somatic Systems, Inc. [OTC: SMAS] 32 Masonic Street Northampton, MA 01060 413-586-2555 Web: somatics.orgom Steve the ceo--here is one--------- 2nd email from the ceo----Bob, You're right, the TV shows are taking a while to get on the air; I think they had some last minute production delays, but everything is still on. I've been traveling out of state, but I will be speaking with them later this week about it. Again, the TV shows ARE STILL ON and will be broadcast soon. We did already sign up with an investment banking firm, so things are moving along. The next phase, of actually structuring the financing, is ongoing. This is a slow process, both because big healthy capital infusions take a lot of paperwork, and because everything moves slowly in the current market. However, everything is proceeding as planned and we are excited for big growth this year, next year, and beyond. Steven Aronstein, CEO Somatic Systems, Inc. [OTC: SMAS] 32 Masonic Street Northampton, MA 01060 413-586-2555 Web: somatics.org On May 29, 2008, at 3:07 AM, bob wrote: > Steve, TV. shows were due months ago. Do we not have enough money to > start broadcasting? How is the search for the non-dilutive funding > going? > thanks for your time--Bob [/QB][/QUOTE]
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