Investor Update
Dear Investors,
I write this email to give you all an update on where the company stands at this time. We have received many inquiries and it is simply easier to write one email to everyone, to try and address each of the questions or comments.
As many of you are already aware, our shares MYRY were suspended in 2014 alongside 3 other companies for questions around the adequacy of our statements, as well as questions regarding our companies relationship with "ebola crisis"
The legal documents for this process is located below:
Suspension Notice
https://www.sec.gov/litigation/suspensions/2014/34-73650.pdf Initiating Petition Process
http://www.sec.gov/litigation/opinions/2014/34-73897.pdf The first process sets the time frames for the petition process and documents times and dates as to when each party needs to respond and submit their arguments.
Part 1 of Petition Process
http://www.sec.gov/litigation/apdocuments/3-16317-event-5.pdf Part 2 of Petition Process
http://www.sec.gov/litigation/apdocuments/3-16317-event-7.pdf Final Myriad Response
We submitted our closing argument and response to the petition above and have completed the full petition process.
Final Decision
We are awaiting a final decision like all of you, and have not heard anything as of yet.
Financials
Our company remains fully reporting and we have filed our quarterly financial statements.
Despite the negative aspect surrounding our suspension, we have delivered our strongest quarter
yet and continue to operate Myriad as web development firm - like we always have.
Financial Statements
http://ih.advfn.com/p.php?pid=nmona&article=65631994 XRBL Filings
http://www.myriadim.com/investor-center.html SEC Filings
http://www.sec.gov/cgi-bin/...=exclude&count=40&hidefilings=0 Sadly, we regret losing our licensing agreement with Dr. Knizia
The suspension and inability to operate publicly has simply led to this project not being able to go forward. This disclose has been made in our recent 10Q.
All other development projects are complete, and we currently sit on a large code repository and project repository that we are evaluating the best course of action to take with these technologies in order to deliver further value from them.
The company continues to take on third-party projects and is looking at ways to eliminate debt and move forward.
Important Investor Notice
We cannot provide information that we do not have. Furthermore, we do not feel comfortable commenting on an on-going process that is available for the public to see. Investors are welcome to contact our corporate Attorney handing the petition process to ask any questions you like. We understand that you all have questions, but like many of you, at times we are in the dark and this process is really out of our hands.
Thank-you
Derek Ivany
CEO
Myriad Interactive Media Inc.
IMPORTANT DISCLOSURE ANNOUNCEMENT
Forward-Looking Statements
In addition to historical information, this press release may contain forward-looking statements that reflect the Company’s current expectations and projections about future results, performance, prospects and opportunities. These forward-looking statements are based on information currently available to us and are subject to a number of risks, uncertainties and other factors that may cause actual results, performance, prospects or opportunities to be materially different from those expressed in, or implied by, such forward-looking statements. You should not place undue reliance on any forward-looking statements. Except as required by federal securities law, the Company assumes no obligation to update publicly or to revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available, new events occur or circumstances change in the future.
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