- October 8, 2018
- Posted by: admin
- Category: Blog
CEO STATEMENT CONCERNING BELIEVED IMPACT OF ‘STOCK PROMOTION’ FLAG & LACK OF UNDERSTANDING OF DATI’S FLOOR PRICE
As it concerns the “Stock Promotion” symbol that has been placed on our OTCMarkets Profile, we have been actively looking into the matter with the OTC Markets Group, Inc. so that whatever triggered this ‘flag’ can be rectified. I can say, to the best of my knowledge, neither myself nor anyone on the DigitalAMN team has engaged any person, firm or other organization for the explicit purpose of promoting the DigitalAMN stock (“DATI”).
We firmly believe this “Stock Promotion” flag has been mistakenly and/or inappropriately assigned to our profile. We also believe that this designation has negatively impacted our market. I also personally believe that it is very important, and a very fitting time to remind our current investors, future shareholders, market makers, broker dealers and all other participants within the microcap marketplace, that during the normal course of business, DigitalAMN has never been permitted to issue any shares, to any person, under any circumstances, under the strict floor price of $0.35 cents.
This means no selling of stock under the floor price; no debt conversions under floor price; and, no issuances for payment to any executive, consultant or vendor under floor price. Therefore, what normally exacerbates and contributes to a continued stock price decline in the microcap universe – which is Toxic Dilution – cannot easily exist at DigitalAMN as it is not permitted in the normal course of business.
Again, reminding the marketplace that while the stock has slipped below the floor price, may you be a buyer, seller or shorter of DATI stock, there will be NO new issuances of stock made that are priced below the floor price of $0.35 cents. NO toxic dilution will follow the current trend.
We are hopeful that once the Stock Promotion flag has been lifted by the OTC Markets Group, Inc., and it is clearly realized that a strict global floor price of $0.35 cents is in effect, it is plausible that a reversal to the current trading trend may occur.
Ajene Watson, CEO
(718) 285-6378 EXT 401