We received more questions which I forwarded to Brent Fouch and decided to post them rather than append the last post…
Questions are in black with Brent’s answers in blue.
Jedi stated in a first press releases two months ago that they were starting a stock buy back. I ‘ve been following the daily volume since and fine very minimal and at times non-exsistent trading activity. So have you started the buy back and if so how many of the the outstanding shares have been purchased???
The Company has begun the buyback. We have calculated approximately 5 million shares out of the float are now owned and held between the Company, employees and associates. We buy in the open on a funds available basis, which is not every day.
8K,10K any reporting, can’t seem to locate any financials or reporting to SEC of any kind
JEDM trades on the Pink OTC Market. Our financials are filed on www.PinkSheets.com
3) You indicated 100,000,000 of the 109,716,089 are held by officers or affiliates who….CANNOT sell. Clarify this as I am very skeptical on this statement.Are there written,binding contracts that say this.
100 million shares held by the officers of the company are restricted control shares. These shares must be held for 1-2 years. Following this period, a legal opinion would be required to allow 1% to be sold per quarter. The Company is discussing a reduction in the shares held by Officers to reduce our outstanding amount. A press release will be issued once finalized.
Profit loss info statement??? Were are your current operating expenses which are primarily salaries and office expenses other than salaries..rent, taxes,legal fees etc etc etc)
Th The development costs for the technology were absorbed personally by the Officers and not transferred to the books of the Company, in order to maintain an attractive balance sheet at this early stage. The Company keeps low overhead, with most expenses being for programming services and inexpensive office space.
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