LAS VEGAS, NV--(Marketwired - Apr 28, 2014) - Ramoil Management, Ltd. (OTC Pink: RAMO) (PINKSHEETS: RAMO)
First and foremost, I would like to thank all our shareholders for their continued support over the past few years of trials and tribulations. Secondly, I would also like to welcome the new shareholders and thank them for their vested interest in our new business direction and efforts.
The intent of this letter is to get an opportunity to bring everyone up to date on the direction of our company and more importantly, recent events in regards to the advancement or business development of said new business direction.
Past Opportunities and Investments:
Over the past few years, Ramoil Management, Ltd. had tried to purchase and develop outside businesses to strengthen the shareholder value for every shareholder. Further, it is no secret that the economy has been anything but helpful in the launching of new ventures and opportunities and the results have been quite evident.
Therefore, as mentioned in the April 9th, 2014 press release, Ramoil Management, Ltd. feels it in our best interest to close or terminate all old business and write down all old debt as losses and begin without own business model, realized from our own seeded initiative.
In said business model, we will no longer be bound by another's prior obligations or constraints and are free to determine and realize our own value. This means that our future and our destination stems from "us" and us alone.
Natural Elements Group, Inc.:
On April 15th, 2014, RAMO signed a supply, service, and brand name licensing agreement with Natural Elements Group, Inc., a licensed Southern Californian based Cannabis and Medical Marijuana Collective and Grow Facility. In this agreement, Ramoil Management, Ltd. will supply all materials required by Natural Elements Group, Inc., including but not limited to, Lights, Fertilizers, E-Pens or E-Cigs, Tobacco Vapor Oils, Product Tracking Software Systems, access to growth financing and the licensing of Ramoil's own trade symbol RAMO as the new brand name E-Cig / E-Pen to be produced and distributed, initially inside California ONLY, by Natural Elements Group, Inc., with its own, proprietary, Cannabis THC and CBD oil vapors or liquids.
Clarification and Correction of the Press Release regarding the Natural Elements Group, Inc. Agreement dated April 16th, 2014.
"In connection with this agreement Ramoil will begin to sell all materials needed, except the actual plants and/or seeds and/or anything containing THC to Natural Elements Group, Inc., which it requires for its production and distribution within its own network."
As a Public Company, we cannot physically handle the THC products in any manner but can supply all needed materials except the seeds, plants, etc. that have THC.
We expect that by January 1st, 2015 (Q1 2015), we will be in a position to start with quarterly dividend payments on all "Class C" or Common Shares. The amount of this anticipated dividend is yet to be determined.
In Ramoil's new direction as a Supplier of Equipment and Raw Materials to the Medical Marijuana, Greenhouse and Grow Sector, along with acquiring assets, such as real estate, to support said sector, acquire and license brands for production and offering brand support to Collectives in many States, Ramoil has begun negotiating with Edibles Manufacturers, Hydroponics Stores, Equipment Suppliers and owners or recognized brands in these sectors for direct acquisition, joint ventures and licensing partnerships.
Over the past few months I have received many comments and inquiries as to RAMO's stock structure and liquidation of shares by insiders. Please let it be clearly known and understood, that the insiders, both Management and Directors alike, do not hold any free trading stock in RAMO, as we are taking a long-term approach to RAMO through the holding of restricted shares only.
To this end, there has been some strong selling in the market creating downward pressures on our stock price and market value at its current level. After some research, it has come to our attention that RAMO is oversold, due to or seemingly to, naked short selling by upwards of 20% to 30% of the float. We are presently working to resolve this issue and are discussing all options in this, including a "certificate verification" (aka: cert call). We expect that this will correct the short positioning.
Finally, per our market positioning, we are in the process now of updating all filings with OTC Markets and removing the "Stop sign."
The Board of Directors would again like to take this opportunity to thank all shareholders for their patience and continued support, and looks forward to enhancing shareholder value as we proceed.
/s/ Michael J. Goeree
Michael J. Goeree
Chairman, President & CEO
The information provided in this letter is intended solely for the general knowledge of our shareholders and does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of Ramoil Management, Ltd. There are substantial risks associated with investing in development stage companies. Potential investors should seek advice from a qualified financial dealer prior to investing in Ramoil Management, Ltd. No securities commission or similar authority has in any way passed on any of the information contained in this letter.
This letter contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development of our property interest and any exploration or test results that we may obtain.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. In particular, estimating resources and reserves involves inherent engineering uncertainties as well as inherent uncertainties about the future fluctuations in the price of electricity, which can cause estimates of economic reserves to be revised upwards or downwards. Other factors affecting forward looking statements include, among others, the inherent uncertainties associated with technologies developments; legislative, environmental, judicial, regulatory, political and competitive developments in areas in which Ramoil Management, Ltd. operates; and technological, mechanical and operational difficulties encountered in connection with Ramoil Management, Ltd.'s activities. These forward-looking statements are made as of the date indicated, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in such statements are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Potential investors should refer to the risk factors disclosure outlined in our periodic and current reports filed from time-to-time with the Securities and Exchange Commission.