Management would like to clarify a few issues with regards to CPS-GOLD that have been brought up by many shareholders in relation to our corporate restructuring plan that was announced on the 1st of October.
One:
All CPS-GOLD will be transferred from VGMC Panama to the PCEF by December 1st 2012. There will be a new website (the official website for the PCEF) for shareholders to log in and check their account statement. The transfer of CPS-GOLD to PCEF does not depend on whether or not a shareholder subscribes to CPS-PLATINUM.
Two:
Management is not able to confirm whether CPS-GOLD in the PCEF can be transferred among shareholders. We do not foresee any obstacle to having this feature activated, but only the new management of the PCEF will be able to decide on and clarify this matter.
Three:
It is wrong to assume that CPS-GOLD has stopped paying monthly dividends to shareholders. It’s just that all dividends have been re-invested back into the company so that the share value will increase by 4-5 fold between now and listing. Management has taken a long-term view on this matter and we believe that shareholders will come to understand and appreciate this move once their shares are listed.
Four:
Shareholders in the PCEF will have the choice to exercise their option to convert their preferred shares into common shares that can be listed in the stock market. Shareholders who opt NOT to convert their shares will be grouped under a “Voluntary Asset Distribution” scheme whereby the non-listed assets of the company will be distributed to this group of shareholders. Complete details will be made available by the new management of the PCEF in December 2012.
Five:
The PCEF, registered in BVI, will have its operations office in Frankfurt, Germany. Details will be made available to shareholders in December 2012.
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