PRESS RELEASE 12/1/2021 Sector 10, Inc. (OTC Bulletin Board: SECI)
Sector 10 extends a heartfelt thank you to our supporting investors as we enter this holiday season. With the legal issues in Utah behind us, it is now time to move forward.
Sector 10 retained its IP rights surrounding the unique MRU product line in the final settlement. After more than twelve years, as there was no justice in sight, the Company had to settle. Each party carried their own legal expenses and agreed to move on. When it was said and done, Sector 10’s cost of litigation averaged out to the price of a cup of coffee per day and a small piece of equity.
However, one clause in the settlement pertained to mutual non-disparagement. While the Company has held up the agreement, it appears some may not have received the memo. We continue to see online harassment, misinformation, and slander in places such as Investorshub.com. The online Ihub feed representing Sector 10 (and not created by the Company), seems to have emerged in December 2008, the same time-period that the tech migration happened.
We can track IP addresses and their locations from our websites and the identities of members who regularly show up to bash the Company and management. The primary abusive handle/IDs of such members are WEaReLegion, GrandMasim, Pepoil and some other accounts. Over the last year, Sector 10 has been quietly documenting prior and post settlement behavior online at Ihub, Twiter and other platforms where the bashing continues. If our investors, supporters, or other interested parties continue to see disparaging posts from these accounts, please forward any screenshots or information to firstname.lastname@example.org.
Either these people were psychic or they had been trolling the boards with information that the court had not made decisions on and that was not available even to the Company, in some instances weeks before such information was available. Predatorial or just access to insider information on a new level? Did you trade on it?
Legally we are prepared to defend ourselves and our investors. We respectfully ask for a cease and desist before this type of reckless behavior becomes an embarrassment to themselves and their community. We will make you famous!
Where is the company today?
Sector 10 is determined to focus on the future, and we look forward to a new horizon! The Company was able to write down all the reserves it could post-settlement as per recent SEC filings, placing $1.85 of earnings per share, 3,157.28% in diluted growth. The fiscal years ended on March, 31 of 2021 and the company also placed $6.61 EPS (diluted) on the books.
As a going concern, the company’s MRU products and their version(s) will be undergoing a redesign phase as new capital becomes available. These products and services continue to be vital in a world facing critical challenges to infrastructure and from global disasters. New patents are also in the works to support the original and new designs. The Company is open to capital and forward momentum.
We hope to see our valuation more in line with our numbers as we move forward, understandably that will be more of an investor perception. We will strive to keep you more informed publicly in 2022.
It is great to see MM’s back on the board as the rebuilding continues. Thank you!
What is under consideration:
A forward split. (Yes)
New Management, C level Talent. (Yes)
Prior management will remain on the board. (Yes)
New Auditors will be retained (Yes)
Redesign and manufacturing opportunities are being evaluated (Yes)
Sales opportunities and a pipeline are under development (Yes)
What does the future hold for Sector 10, Inc:
Announcements will come as we are able to disclose them. We ask for a little patience as planning continues! We are focused and determined to rebuild and come back bigger, better, and stronger than ever before. We could not have made it through all of this without you. We are deeply grateful to so many of you for your support. Thank you.
In 2022 all press releases will start going out on the wire once again. We will consider this release on our website a matter of housekeeping.
Safe Harbor Statement:
This press release may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or development that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are subject to a number of assumptions, risks and, uncertainties, many of which are beyond the control of the Company, which may cause the Company's actual results to differ materially from those implied or expressed by the forward-looking statements. The Company assumes no duty whatsoever to update these forward-looking statements or to conform them to future events or developments.