First of all, thank you very much for your email and trust in EAST. Our apologies for the delay as we are in the final stages of our audit which is quite extensive given our numerous operations.
We are aware that there are negative false claims regarding the company and some of its officers in social media. We discussed internally, including with our legal counsel, the best approach to deal with this matter. Unfortunately, many of these social media posts were made anonymously and hard to prove the identity of the posters. Furthermore, we had to consider the freedom of speech and at which point does it crossed the line to defamation, post per post. We were advised that it is best to allocate our current resources toward profitability and our operation.
From our end, the company and its officers have always conducted themselves in accordance with the securities laws. Being listed on the Toronto Stock Exchange Venture limits ourselves to many opportunities early on but it is one of the most rigorous exchanges in the world in terms of compliance and that should provide our investors with much comfort.
However, we realize that communication is key and that one way to manage this is to control the flow of information. As a company, we know that we have to do a better job in communicating our efforts and accomplishments to the outside world, especially to our shareholders. We are expanding our operations both in Canada and the US and are planning to communicate them in upcoming news releases.
Again, we would like to thank you for taking the time to reach out to us. Your support and trust in us are highly appreciated.
Many thanks,