Happy New Year!
I hope everyone is off to a good start this year. We are doing well on our end here. Sometimes they say no news is good news but at the same time i understand that i have been away from the board for long periods of time and many of you probably feel anxious about updates and dividends. Starting this post i will make it a effort to start keeping in touch with everyone more frequently. We are looking to expand into other projects starting this year which is why we have been holding back dividends.
There are several rules and regulations that will be put into place this year so we are waiting on decisions to be made by policy makers so we can move forward with our plan for expansion. It has been about a year now since we started this project with all of you and i am happy to say that we are in a position now where we can grow this business organically without any debt. We are debt free at this moment and we want to bring our investors a greater return this year by expanding our project little by little playing it very safe. I will keep you guys updated on that as soon as we see regulations being set in place.
We have put the dividend funds into reserve at this point until we are able to navigate through the next few months. If we do not end up moving forward with expanding then we will go ahead and reimburse the funds in our reserve as a dividend payment back to our investors. I would like to say that this year has been a tough one trying to get everything dialed in. It is still only the beginning in the grand scheme of things. We are continuing to learn and expand our knowledge about all aspects of this business. This year will definitely be better than the last and you will see updates from us more often.
Please feel free to shoot me a PM or i'll catch you guys on this thread as i will be following up more often. Thank you.