Word From ManagementWe are prevented from making any recommendation to investors on why our stock price had fluctuated. I am happy to hear that you have read our release as I agree with you, others might not have.. There is no additional information and the company is very excited to have launched three new products and we believe that we will continue to grow as our history shows us to be able too.
We have disclosed everything regarding the company's business in our Q3 release, we are taking all concerns very seriously and there is excellent information in the details of the release which will address your questions in more depth. At this time there has been no change to the dividend.
We will deal with a slowdown like all other challenges we face. Our challenges have been rapid growth, which we met head on by staffing up. Facing today's challenge will be managed as effectively. As per our release we continue to grow and innovate, we have been actively pursuing our new product lines for months. These have only been in prototype form up until now so we are fortunate and very excited to be able to launch these in Q3 2012, which is exactly on target for when we wanted to launch them, prior to the winter drilling season.
We are proud to be the fluid management company that is leading the competition. That will continue to be our mandate.
Unfortunately some investors do not see the cyclical nature of oil and gas operations to be a regular challenge of the industry. This is no different, we are very excited to have launched three new products and we believe that we will continue to grow as our history shows us to be able too.
If you have any further questions after reading the release please feel free to contact me again.
Michelle-Louise Rye, Executive Assistant
1200, 645 - 7th Avenue SW, Calgary, AB T2P 4G8
Tel: (403) 206-6100 ¦Fax: (403) 206-4995 ¦Cell: (403) 612-5592
www.poseidonconcepts.com¦mrye@poseidonconcepts.com