Dear Shareholders:
As you may be aware, the court action involving Mr. Lee and his company’s is over. We’ve decided to settle with him rather than risk further damage to the company with the uncertainty we had before.
It is management’s desire to seek either a dismissal from Bankruptcy court or to change the filing from a Chapter 7 to a Chapter 11. Our plan is to reorganize the company and emerge from bankruptcy with a clear path to new acquisitions and grow the company once again. Management is currently in negotiations with several companies that they have targeted that will be able to grow and prosper within a public company through dedication, hard work, commitment, and most of all, honesty. Our current plans do NOT include any type of reverse split or change in the company’s share structure.
As we progress on this path, the company will update shareholders through the normal process as well as updating the website as progress is made. We’re thankful for our loyal shareholders and will work hard to make the company viable once again and recover from past issues and move positively forward.
Thank you for all the support.
XTend Medical Management
