Business
Creatd CEO Jeremy Frommer Publishes Open Letter to Shareholders Addressing Declining Stock Values
Creatd CEO Jeremy Frommer Publishes Open Letter to Shareholders Addressing Declining Stock Values.
About this update from Creatd Inc.
[{"type":"text","content":"\n\n\n\nCreatd CEO Jeremy Frommer Publishes Open Letter to Shareholders Addressing Declining Stock Values\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCreatd CEO Jeremy Frommer Publishes Open Letter to Shareholders Addressing Declining Stock Values\nPR Newswire\nNEW YORK, Aug. 24, 2023\n\n\n\nNEW YORK, Aug. 24, 2023 /PRNewswire/ -- Creatd, Inc. $VOCL; (\"Creatd\" or the \"Company\") today shares an open letter from Chairman and CEO of Creatd, Inc. to shareholders addressing declining stock values.\nDear Creatd Shareholders,\nI'm writing to address recent concerns and developments at Creatd, Inc. As the Chairman and CEO, I deeply feel the responsibility towards all shareholders. Our stock performance has been disappointing, not reflecting Creatd's potential despite our achievements. External factors continue to impact our stock, even after major initiatives like the Reg CF for Vocal, Inc.\nWe've partnered with renowned law firms, Christian, Smith & Jewell, LLP, and PULLP, to defend against Lind Partners. Collaborations with Share Intel and the establishment of CEOBLOC aim to champion retail investors. However, government agencies must adapt to the rapid technological changes, which they often don't.\nThe hard work of Creatd's team is commendable, but our stock value doesn't mirror our accomplishments. The stock price reveals a flawed funding space for innovative companies, affected by unscrupulous institutional behaviors and technological loopholes.\nI view Creatd, Inc. personally, considering shareholders as family and friends. On August 18, 2023, Vocal, Inc. introduced a Reg CF to raise capital, reducing the holding company's burden. Our vision is to expand this strategy across Creatd subsidiaries, resulting in four distinct entities. By attracting private capital and planning to spin them off, we aim to enhance Creatd, Inc.'s value. In this business cycle, individual components often hold more value than the collective.\nCreatd, Inc. will soon operate with reduced overhead, focusing on ownership and advisement rather than daily operations. Most shareholders unde...