Post by mullahpaloozer on Aug 13, 2015 11:38:28 GMT -4
August 12, 2015
RE: Fundraising Options for CMKM/NHHI, Webinar #46
To All CMKM/NHHI Shareholders:
Due to continuing, frustrating and unforeseen delays in legal efforts to recover enough cash to build a viable business for the benefit of our shareholders, the time has come to consider alternate ways to finance our initial entry into the oil/gas business. The recent appeal of our successful defense of a large judgment obtained by CMKM has held up the anticipated recovery of the cash needed to take CMKM/NHHI into an oil business of significant size. Judgment debtors that do not want to pay legitimate debts can drag an appeal out for a year or more in many cases, hoping to frustrate the judgment creditor into a paltry settlement or capitulation.
I have been tracking numerous excellent oil/gas prospects that can be purchased at bargain prices today due to the precipitous drop in oil prices over the last several months. There are literally thousands of wells in Texas and other states for sale, and now is the time to buy. The very best deals do not last long, as well-capitalized operators are buying up production as rapidly as possible. So, if we must endure another long delay to get through this appeal process, we will miss a great opportunity to take the next step for CMKM/NHHI. The foundation has been laid, and the only thing we are lacking is the funds to buy our first oil/gas assets.
As a result of the circumstances we face, and the urgency to finally turn CMKM/NHHI around from the ashes of a major stock fraud into a viable, profitable enterprise, I am considering registering an SEC-approved Regulation D offering to raise the needed capital to get this company moving forward. I am also considering giving our shareholders the first opportunity to invest prior to taking the offering to private equity investors outside of our shareholder base.
I will host Webinar #46 on Tuesday, August 18, 2015 at 8 PM CDT to begin sharing information about the Reg D process. Here are instructions for joining the Webinar:
1. Download Paltalk Messenger (free download) and log into Paltalk.
2. Look under the heading “Business and Finance” rooms and under the subheading “Investments”.
3. When the room is open you will see the name “New Horizons Holdings, Inc.”.
4. Click on the room to join the meeting.
Webinar #46 will focus exclusively on the discussion of raising funds via a Regulation D offering, and the idea of letting our shareholders invest in the offering before taking the offering to outside investors. I want to solicit the thoughts and opinions of our shareholders on this subject before I make a firm decision, and will lay out all the facts and numbers for your consideration.
I am fully aware that our 50,000+ shareholders lost their investment in CMKM many years ago, and many will be skeptical about investing another red cent into the company. However, if we are ever going to make something out of the company, and build value for our shareholders, we must somehow fund the start-up process, which has been solely dependent on slow and uncertain litigation up until now.
I look forward to an open discussion about the concept of raising capital via a Reg D offering.
Thank you.
Steve Kirkpatrick