Ciralight Global Begins Public Trading
Los Angeles, CA
Dear shareholders,
We are pleased to report that on October 18, 2011, we received the letter of approval from FINRA granting our new trading symbol of "CGHA" and were approved to have our common stock quoted on the OTC Bulletin Board. In the next few days, our initial market maker, Wilson-Davis & Co., Inc. will begin entering bid and asked quotations for our common stock on the OTC Bulletin Board. Those of you who have received your new stock certificates without the restrictive legend on them may now sell your shares if you so chose. However, Ciralight cannot make recommendations as to whether our shareholders should sell their shares or hold them or as to whether they should buy additional shares on the OTC Bulletin Board - those decisions rest solely with our shareholders.
Any shareholder who is not an officer, director or affiliate of Ciralight and who purchased shares over one year ago may send their certificates to our transfer agent, Transfer Online, Inc., 512 SE Salmon Street, Portland, Oregon 97214, and have the restrictive legend removed from the certificates.
Any shareholder who purchased their shares over six months ago, but who have held their shares for less than one year, may sell their shares under SEC Rule 144. In order to deposit their certificates with a stock broker for resale, shareholders who have held the shares more than six months, but less than one year, must send their certificates to Transfer Online, Inc. to have the restrictive legend removed and then deposit their certificates with the stock broker of their choice for resale. In the event that the shares deposited with a stock broker are not sold within 90 days after being deposited with a stock broker, the broker will have to return the certificates representing the unsold shares to Transfer Online, Inc. to have the restrictive legend placed back on the certificates until such time as the shareholders decide to resell the shares.
Ciralight Global's management cannot predict the prices at which our shares will be quoted on the OTC Bulletin Board; however, we expect the bid and asked quotations to have a large spread between them for the first few weeks of trading. Then, in about 30 days, additional market makers will be allowed to quote bid and asked prices for our shares and the spread between the bid and asked quotations will narrow. The stock market is like any other market in that it is primarily controlled by the law of supply and demand. The more shares offered for sale, the higher the supply. The more shares people buy, the higher the demand. The stock market is also impacted by world and U.S. economic news and events beyond the control of Ciralight or anyone else. We expect the stock market to continue to be highly volatile for the foreseeable future.
This approval represents a significant step for Ciralight Global and our Shareholders. Thank you for your continued confidence and support during this process to become a public company and to see our stock tradable in the market.
Ciralight Global is committed to provide the most innovative, brilliant, human-centric, cost-effective daylighting solution on the market.
We are committed to the Environment: We build things that last, save energy, increase bottom lines, and help people thrive.
We are lighting's equivalent to the no-additives, all-natural, farm-raised, certified-organic diet.
We are off-the-grid and well on our way to days as bright as the sun is free. We're putting Mother Nature's pro bono project (The Sun) to work in cost-cutting, energy-generating, earth-saving ways.
Ciralight Global's management is extremely optimistic about the direction of the company and the future outlook. Over the coming weeks and months we will be making important public announcements about our growth and key new business relationships.
Below find information on a few of our recent activities as well as pictures and videos from a few of our latest installations.
As always if you ever have any questions, please feel free to contact our offices so we can assist you at 877-520-5005.
Additionally, as a public company we file periodic reports with the SEC including quarterly financial statements. This information is available for viewing at the following link which is also available on our website www.ciralightglobal.com under the Investor Relations tab.
Ciralight Global - SEC Filings
Please feel free to contact us with your questions and comments.
Very Truly,
Jeff Brain
CEO
Ciralight Global, Inc.
