The last week the market for XSNX stock was like a rollercoaster ride. As you can imagine, we have received emails and calls asking what was happening or what had changed to cause this volatility.
We wanted to provide this brief update to inform you that all information in our previous several newsletters is still accurate. We have been achieving good results with our CIGSolar® evaporator and last week we received encouraging updates from our customers in Africa and the Caribbean. They outlined how they were making good progress towards establishing the government and regional support they needed to launch their CIGSolar operations.
The last month, we have been busy and there is too much to pack into a single newsletter. So we are planning on providing several updates on planned operations, expanding marketing and sales efforts, and how we are working to take advantage of the building momentum in the PV installation market in newsletters over the next couple weeks.
In addressing the volatile market for our common stock, the simple fact is that occasionally there are more sellers than buyers. Sometimes sellers, such as larger investors, convertible note holders, etc., buy and resell with less regard for what the company is doing, what may be pending, or what might happen in a day, a month, or whenever. In addition, we wanted to ensure you that we do not share confidential information with investors of any type outside of our newsletters, press, or filings before we share it with you, all of our investors, first.
Thank you for time and keep an eye out for more info and updates over the next couple of weeks.
Thanks for your time.
Tom Djokovich, CEO
To learn more about XsunX's' breakthrough technology please visit https://xsunx.com.
Safe Harbor Statement: Matters discussed in this shareholder newsletter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this shareholder newsletter, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.