Firstdesigns Milos Seeks Directors at Shareholder Meeting
For Associated ContentMLS(SLCAPEX)'s IPO sold out October 24th with an amazing 100,255 shares sold in one day, within hours of Firstdesign Milos announcing that dividends may be paid before the stock exited IPO stage.
Milos immediately announced the need to nominate a board of directors, presenting Emma Veranes as his choice for Customer Relations Director, and Bogart Beck, the long-time and well-known market mind and personality, as his Outside Director to advise and assist in providing opinions from the perspective of an investor.
Dividends were another pre-planned topic of conversation for the upcoming shareholders meeting, and Milos insisted, "I also want to take this opportunity to reassure all shareholders that at no point in time during the existence of MiLOS do I intend on using IPO generated funds for dividends."
Questions that have surrounded MLS(SLCAPEX) tend to come from the perspective of "Why go public?". MLS(SLCAPEX) is already profitable as a private company, and Milos assured investors it was because he wanted to gain valuable experience running a business and being scrutinized by investors and the general public. Milos took over MiLOS DESIGNS almost a year ago when it's previous owned virtually abandoned the business, leaving him as an employee to take it over. Milos had previously worked for JTFinancial as a customer service liason, and has experience at various levels of management in SL.
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