Hello Mark,
First of all, congratulations on your recent approval for the build/operation of the Libyan oil refinery. As a shareholder, I am pleased that there are fruitions coming to light. However, as a shareholder, I do not feel that the current share price is accurately valuing the opportunities presented by this approval, as a result of significant outstanding corporate issues.
I would like to know the action plan you have to resolve the following:
1. Failed financial filing - reflects poorly on the confidence and transparency of the corporation. I am sure that Winfield has been working diligently on getting this resolved immediately, but I would like to know what caused the failure and what steps are being taken to ensure it will not occur again in the future.
2. Movement to the Venture Exchange - Given the positive developments, what is the action plan of Winfield Resources to transition back to the Venture Exchange and get exposure to a larger investment pool?
3. To alleviate concerns of re-clarifications and mis-statements, what formal documentation exists to support the "approval" and "decree" received by the recent Libyan development?
I have posted this letter on several public forums, as I do not feel these issues have been addressed and the shareholder community informed.
I look forward to your response and to more positive Winfield developments!
XXXXX