RE:RE:RE:RE:RE:STOP WASTING SHAREHOLDERS' MONEYGary
Thank you for the questions. I will respond as follows
1. The Western Canada expansion is continuing afterthe initial release of the Letter of Intent on March 11, 2014. We put out additional disclosure on May 29, 2014 and further disclosure of July 9, 2014 with the hiring of a full-time controller to handle the additional activity which includes Western Canada. The Company will nto reveal its partner due to confidentiality under the arrangement, but I would expect to see additional disclosure of steps taken to further this business strategy in the coming weeks. I cannot confirm any specific date as to when this disclosure will take place but the Corporation is continuing with the expansion to increase the footprint for Nordex products in Canada and potentially North America.
2. The Buttbuster manufacturing facility is operating at its optimal level as disclosed on April 3, 2014. With respect to sales on a weekly or monthly basis, it is not intended to provide additional disclosure as orders are filled and product is delivered to clients. However, I will discuss with management the potential to provide monthly updates on the overall delivery of all explosives products to clients. Not sure where discussion was of a second shift for production of Buttbuster, but will review disclosure if this was stated at any point. Barring this, should there be a second shift, it is possible that this would be deemed material, and may require disclosure. I cant fully answer what production levels are on a daily basis outside of the previous disclosure on April 3.
3. I am not aware of any financing at this time. It would be assumed that with the continued expansion of the Corporation, additional funds may be required to faciltitate new equipment, personnel, lease payments, etc. With any financing, a press release (as required by the TSX Venture and IIROC as a financing is a material change) would be released.
4. Under TSX Venture policy, there is no requirement for any issuer to provide a breakdown of the results of voting on any items at the Annual or Special General Meeting. This is different than disclosure requirements for the TSX (Big Board). Any shareholder who was in attendance of the Annual General Meeting could make this inquiry, but I am unsure if the scrutineer would provide such information. I can confirm that a great majority of the votes cast were in favour of the current board of directors and the other items on the AGM agenda.
With all inquiries, agree or disagree if you are a shareholder you have the right and opportunity to inquire on the actvities of the Corporation. We cannot and will not disclose confidential or material items before providing a press release to the investing public. If there is an interest in having a call with management this can be arranged.
I can confirm that 2013 was a period for expansion of the Corporation's footprint for delivery of explosives products in North America, specifically Canada. The main focus for management is continuing this, and looking to increase the gross margins on products sold.
Dean