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2010-01-23
Carter Land Holdings Official Communicate
Passing the Flag To A New Generation
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Dear Shareholders,
It is with great sadness that I inform you that due to real life time constraints which can't be eliminated I will have to put a major part of my shareholder stake for sale. This is so that someone who chooses to carry on our torch can have the opportunity to become CEO and lead our company to greater heights.
In addition, Lynn Binder our current Vice-president will also vacate his position due to time constraints and also so that the new CEO of the company can appoint someone they would like to work with. Both Lynn and I believe that there must be a great chemistry between a CEO and his VP so we have reasoned both positions should go for election at the same time.
Here is the deal we offer any interested party, me and Lynn together own 57% (20684) of the venture. We have arranged to sell 51% (18215) between the two of us to be sold in the manner of a public auction through the VSTEX forum. The bid will start at 10L/Share for a total of 182,150 Linden dollars.
Considering that CLH is a already established brand with a custom logo and identity we think this is a fair starting point that ensures the buyer will be someone interested in running the venture. The price is most definitively a bargain since all our business model needs to start producing profits again is someone that is willing to put in some time.
Once the auction has ended, the highest bidder will receive 51% of the company in shares and the assets will all be transferred to him in a smooth and efficient manner. The transaction will be secured by asking VSTEX to hold the payment in their system until all assets have been transferred. The cash concept will also be given to the new owner through vstex. This is done to avoid any security problems and to leave a clear record of the transaction.
Good Luck Bidding,
Matt1030 Carter
Carter Land Holdings
Chief Executive Officer
Lynn Binder
Carter Land Holdings
Vice President
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