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Bullboard - Stock Discussion Forum VIDWRX INC SMDWF

"VidWRX Inc is engaged in developing and operating cloud-based video content production platforms and video production series targeting the business and news markets across North America."

GREY:SMDWF - Post Discussion

VIDWRX INC > Sent message to Vidwrx
View:
Post by MoneyNIck on Feb 25, 2016 4:05pm

Sent message to Vidwrx

Hello All 
Im not sure if this has any use for any investors, but I'd thought I'd post it anyways.

Hello Mr. Burwell
 
I am a new investor of Vidwrx and am concerned about the lack of public notification the company gives or has given recently. Also, since the hire of the new COO and president Steve Hancock, I have not heard any plans the new CEO has and where he wants to take the company. I apologize if the question is not yours to answer, but because of the lack of information on the company website, I have no choice but to start with you.
 
Please feel free to contact me at your convenience (using this email). 
 
Regards
 
Nicholas Connor
 
 
 
 
 
 
 
Dear Mr. Connor,
 
My colleague Dave is on holidays and won’t be back until March 7th.
 
In case you missed it, the company issued a update this morning from Steve Hancock, company President.  Here's the link to his letter:
https://howardgroupinc.com/2016/02/message-president-coo-vidwrx/
 
As well, VID management is currently pursuing alternate financing with existing shareholders and institutions that already have a large stake in the company.  It hopes to issue a press release in the next day or two on this matter.
 
Regards,
 
Ariel Cobangbang 
Senior Associate
Comment by accruedfortunes on Feb 25, 2016 9:06pm
Thank you sir 
Comment by munich1964 on Feb 28, 2016 3:44pm
Sad to say I own a bunch of paper in this company. Here is what I was told. The company is working on a bridge loan extension and then a debt draw down facility to keep dillution to a minimum.  Corporate milestone would be part of the new debt facility. Expenses, including management salaries, some staffing cuts, and other corporate expense reductions, will allow the company to reach ...more  
Comment by Knorre73 on Feb 28, 2016 5:02pm
Great informations, Munich ... VID has to release a news about financing this week (once again).
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