Unidentified Analyst: I know that the announcement was on 11-22. I don’t make myself clear. You had a vote of the board of directors, from which you abstained. Would it not have been better to have shareholders’ vote on these asset purchases? And you abstaining from that vote?
Operator: Our next question is from Richard Mishkin with GRF Capital Investors. Please proceed with your question.
Richard Mishkin: Yeah. So, good afternoon. So, I have a couple of mundane questions not actually about the operating of the company, but about some of the stock transaction. So hopefully, you can help me. I’ve been an investor, or I’ve invested with clients in Vicon since around 2000. So I have many years, working with Vicon and Cemtrex, with the preferred stock. So do you have just a moment to answer a couple of quick questions for me, please?
Saagar Govil: I think those kinds of questions would be best directed offline. I’m not sure that this would be the best form for that.
Richard Mishkin: I certainly agree with that. But I’ve made no less than five attempts to contact your company directly, and through Investor Relations. And I never received a call back. So I thought I just asked these two questions. And then maybe if somebody can get back to me some time, that would be fine. But approximately, what percentage of Vicon do you own?
Saagar Govil: Around 95%
Richard Mishkin: How much?
Saagar Govil: Around 95%.
Richard Mishkin: 95% and the 5% of the outstanding shares that are still out there, I guess you’d call them minority very minority holders. What can be done to placate them and make it so you own 100% of Vicon?
Saagar Govil: I think that’s a question best to take offline. I’m not sure that that is necessarily in the cards. But, I think it’s something we should, if you had further discussion about it would be —
Richard Mishkin: Well because there were some Vicon holders that were asked to participate in the secondary never saw daylight since. Pbviously, I’ve got some sour grapes here but not going on. I understand. One question, last question is Cemtrex preferred stock in the year 2021, you as a part of a dividend, you settled your dividend obligation in unregistered shares of stock, is there a reason for that?
Saagar Govil: Yeah, it was a little bit of a mixed up that has been sorted out now actually. So if you reach out to Paul after this call we can — there’s an opinion available and for we can get those unrestricted. So that is —
Richard Mishkin: Yes, I appreciate that. That is causing havoc in my account. So at this point, we get charged $50 a year to hold it now.
Saagar Govil: Yeah, we can we can address that.
Paul Wyckoff : You can contact our transfer agent, the transfer agent is ClearTrust.
Richard Mishkin: I’ve done that already. They tell me I need to hire an attorney, get an opinion and pay hundreds and hundreds of dollars to get it done.
Saagar Govil: The in their possession I’m not sure how long ago that was, but that’s all there.
Operator: Our next question is from Steven Brickner , who is a private investor. Please proceed with your question.
Unidentified Analyst: Yeah. My questions were actually along the lines of the last two investors. But I’m really concerned that as of — early as of fall of 2021, you’re painting a rosy picture for your roadmap for the Smart Desk, and your AR/VR products, namely the StarForce Game. And then I think it was around February, you made another $500,000 investment in Masterpiece Studios, making that a $1 million investment right there. And then as early as May, you announced you’re going to divest in all of these business units, and focus on Vicon and AIS. So I’m just a little perplexed, why your lack of foresight, when you’re painting a rosy picture in the fall, and then less than six months later, you’re going no, that isn’t working. We got to, it just seems like a real lack of foresight, or was it the SEC action against you and your father in the company that was temporary in your decision? Or could you could you just expand on your reasoning to divest in those?
