UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
Current
Report
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported) October 10, 2017
SIGMABROADBAND
CO.
(Exact name of
registrant as specified in its charter)
Georgia
(State or other
jurisdiction of incorporation)
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Georgia
(State or other
jurisdiction of incorporation)
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333-191426
(Commission
File
Number)
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46-1289228
(IRS
Employer
Identification
No.)
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|
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2690
Cobb Parkway
Suite
A5-284
Smyrna,
Georgia
(Address of
principal executive offices)
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30080
(Zip
Code)
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||
Registrant’s
telephone number, including area code (800) 545-0100
Check the
appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item -
8.01
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Other
Events - CEO's Letter to Shareholders
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CEO's Letter to
Shareholders
Dear
SigmaBroadband Co. Shareholder,
This
letter is for further clarification to the stockholders, about
the changes that SIGMABROADBAND CO. has made pursuant to the
release of its last 8k and ancillary filings. The company is
seeking to protect its stockholders, enhance its shareholder equity
on its financial statements, and bring in top-notch talent, either
as consultants or officers/ directors, to grow the public company
beyond the organic capabilities of its current business operations.
To that end SIGMABROADBAND CO. has made some corporate
additions, as well as structural and capital formation changes
to enhance its ability to protect its stockholders, and build net
shareholder equity. The creation of the company's convertible
preferred stock with its accompanying rights and privileges
provides the company with the ability to use this instrument as
currency to acquire assets and or equity without having to worry
about the volatility of market conditions, as it directly relates
to the price of the common stock. Additionally because the
aforementioned securities do not self convert but
require approval from management, there are no derivative
liabilities or shareholder deficits from an accounting perspective,
associated with their issuance on the financial
statements.
Consequently
management will be issuing the Series B Convertible
Preferred to its thirty-nine (39) shareholders of record
commensurate with the amount invested by each stockholder for the
common stock they currently own. The Series B Convertible Preferred
issuance is in addition to the common stock that the each of the
shareholders of record own. Each Preferred share under this
designation is priced at $2.50 per share, with the conversion upon
maturity, for example, being one (1) preferred share for every one
hundred thousand (100,000) common shares.
The
Series C Convertible Preferred share, priced at $5.00 per share,
with the same conversion rights as the preceding
designation, is the instrument SIGMABROADBAND CO will use as
it seeks to acquire private companies and stand alone assets. The
biggest challenge with prospective targets for acquisition is
always going to be evaluation, and because the common share price
is a moving target, the company accepts the fact that common
share prices with respect to Microcap issuers, including itself,
are more prone to decrease as a reflection of a variety of causes,
not the least of which is the fact the SIGMABROADBAND CO trades on
a quotation service, trades by appointment and currently is still a
going concern as a function of its current financial
situation.
The
additions to the Board of Directors will also greatly enhance
SIGMABROADBAND'S ability to attract equity and assets to the bottom
line. While the company is quoted and trading on a quotation
service at present, our objective moving forward is to meet minimum
qualifications to trade on a Nationally Recognized Exchange. We
believe that meeting the NYSE Alternext 's qualifications under
Standard Three (3) gives us the best possible opportunity to
succeed and go to the next level.
We
would like to thank each and every one of our stockholders for
their continued support and patience as we start issuing the
convertible preferred B shares to them and begin implementing the
overall strategy to turn this public company
around.
FORWARD-LOOKING INFORMATION Safe Harbor Statement:
This
release may include "forward looking statements" within the meaning
of Section 27 A of the Securities Act 1933 as amended, and Section
21 E and/or 27 E of the Securities Exchange Act of 1934, that are
based on assumptions that in the future are inherently uncertain,
may prove not to be accurate, and are subject to significant risks
and uncertainties. These include, but are not limited to statements
as to the future performance of the company, its ability to raise
necessary financing, and other general economic risks and
uncertainties.
Sincerely,
Jeffery A. Brown
President/CEO
SigmaBroadband Co.
Jbrown@sigmabroadband.com
2
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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Date:
10/10/2017
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SIGMABROADBAND CO.
By: /s/ Jeffery A.
Brown _____________________________
Jeffery A. Brown,
President/CEO
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