Interesting Letter from Medizone CEO:
SAN FRANCISCO, MAY 26, 2000
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Contact Person:Jill Marshall 415.868.0300
Please Note that Our Recent Press Release About Funding is in the Archives.
A Personal Letter to the Shareholders from the Chairman of the Board
Dear Shareholders,
Please consider this communication a personal one, not an official communication from the Company. I am writing these words on behalf of myself, not the Company. If there is any fall out from this letter, I accept it.
Like you, I began this journey as a shareholder. Following my own due diligence, which began in the spring of 1994, I purchased my first block of 100,000 shares of Medizone stock in November of 1994 on the open market. At the time I never dreamed or desired that someday I would be running this Company. The rest is history, to be told by others.
A few days ago, on May 23, 2000, this Company issued a press release. The heading on that press release, MEDIZONE INTERNATIONAL, INC. ANNOUNCES FUNDING PROGRAM, SCIENTIFIC PROGRESS AND FUTURE INTENTIONS; was, in my opinion, the most important press release this Company has ever made. All the confirmations that the future holds will only be confirmatory of the information included in that press release. This Company does have some important answers. The World will discover that fact.
My birthday being this day, May 26, I anticipated a special occasion. The birth of Medizone onto the world scene. A global situation currently exists in which 300 million people are infected with HCV, 200 million with HBV and 50 million with HIV-1. After years of struggling with the deck stacked against Medizone in an under funded environment we finally saw the light of day. We had managed to attract funding, not from the vulture like venture capital community, but from a very highly capitalized, private philanthropic investment group. A group that is far more interested in actively responding to the world's problems, than it is to investing at the lowest possible price. A group that clearly understands the importance of raising the share price in order to get the Company off of the bulletin board and listed as a NASDAQ small cap stock. Combined with the announcement about our scientific progress, which at minimum must be considered astounding, along with information about the Company's future intentions, I truly believed Medizone stock would be trading comfortably in the dollarûs range now. I did not recognize that warfare would be openly declared by some market makers. I accept the challenge.
The day of the announcement, May 23rd, the stock traded well over 3 million shares. Profit taking, again in my opinion, based on the information I have available as Chairman & CEO, is estimated at less than 500,000 shares. What does this mean? On that day alone the market makers of this stock increased their short position by more than 2.5 million shares. The price was not allowed to rise by the law of supply and demand, the lid was placed on it, as has been the case for many years. Remember now, this is my opinion and not an official company position, but I believe the accumulated short position in this stock is so large now that it will prove to be a financial catastrophe for a certain group of market makers (certainly not all) to allow this stock to reach its fair market value.
The action of some market makers over the last few days is akin to an open declaration of war. They have put their financial greed ahead of acknowledgment for the development of a science that will address a grave world need. They could care less.
To accept this challenge and face it successfully I will need an Army. Shareholder's frequently ask, how can we help? Shareholders, this is your chance. Many of you who have bought stock in support of this science, the healing it will bring to mankind, and yes, to turn a profit, do not realize you are being used at this very minute in a fashion detrimental to your interests. For any of you that have stock in brokerage accounts, any brokerage account, I ask your support by taking the following action immediately.
Either; (i) tell your broker that you want immediate delivery of your stock in certificate form, delivered to you or, (ii) send your broker a registered letter requesting that all stock in your account be registered in your name and that you specifically do not authorize the brokerage to use your stock as collateral for short selling. Yes, shareholders, you can help this company! If you wish to sell some of your stock in the near term, register it and give instructions to your brokerage by registered letter that it is not to be borrowed against. Take the rest in certificate form for long term holding. Your children just might retire on it.
For my part I pledge to you that I will do the following; (i) Have a fabulous shareholders meeting which you will all come away from feeling very satisfied with. (ii) Have announcements in the time following the meeting that will only reinforce what you learned at the meeting. (iii) Bring this science to commercial fruition far sooner than you anticipate. (This will be my closing presentation at the meeting),
Have faith my friends, the share price today does not reflect the truth. Truth does come out, and in this case, very soon. Our work is not to make money, our work is to try and save humanity. The money will follow the mission, and bountifully.
May God bless you, and please enlist in my Army. Register your brokerage shares in your name today with specific instructions that they are not to be borrowed against.
Yours Truly,
Edwin G. Marshall |
