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N Tyre March 2016 .pdf


Original filename: N-Tyre March 2016.pdf

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March 2016
TO ALL SHAREHOLDERS
We thank all of you who made payments into Andre Strydom’s trust account and those of you who
gave your pledges for further funding, especially those of you who responded to our last letter.
Most of the pledges are for months 3 and 4 but, notwithstanding your valuable support,
unfortunately we still fall short of the total financial requirements; we simply do not have sufficient
commitments nor funds with which to commence with the completion of the production process as
detailed in previous correspondence.
As mentioned in our Newsletter dated 2 February 2016, we are now left with no choice but to
source the necessary funds privately and to place the project on hold whilst we are pursuing the
funds via other means. We may add that the prospects of this happening look very good!
All those people who have deposited funds into Andre Strydom’s account will have their funds
returned and we will contact each person individually in order to discuss a possible alternative.
Clearly, the undertakings that we gave to sell the shares of certain shareholders is also placed on
hold.


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