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the vgmc transformation 12/01/2012 the late steve jobs once said, “the heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. it freed me to enter one of the most creative periods of my life.” dear shareholders, i am pleased to announce that we have achieved the successful conversion of cps-gold into a professional structure that will enable it to be listed within the next 12-15 months. congratulations to everyone involved and especially our persevering, supportive and matured shareholders. within the vgmc group, shareholders have continued to subscribe to cps-platinum since its initial offering in october of this year. the response has been overwhelming and a welcome expression of our investor’s continuing confidence in our portfolio. it feels like another beginning. without doubt cps-gold is one of the best investments offered to date and cps-platinum is set to surpass this performance. andrew grove, ceo of intel corporation who helped transform his company into the world's largest manufacturer of semiconductors, once said, “a corporation is a living organism; it has to continue to shed its skin. methods have to change. focus has to change. values have to change. the sum total of those changes is transformation.” our board of directors and executive team believe that vgmc is in the process of such transformation. the very important engine of this transformation is none other than our shareholders who constantly expect and inspire us to continue to renovate, reinvent, refocus and revisit new organisational goals. your comments, criticisms, intelligent feedback and analysis inspire this organisation to transform into a transparent and financially viable corporation going forward. virgin gold will continue to offer cps-platinum and we are already looking into the possibility of offering cps-silver, as early as 1st half of 2013. the biggest challenge we face is due to external factors in relation to cross border money transfers. when i became ceo of vgmc, i put this as one of my top priorities and there is still a lot more progress to be made on that front. recurring issues with incoming wire transfers and outgoing payments have not always been able to be resolved successfully, which affected up to some 5% of our shareholders. this issue is not unique to our company; it is a common difficulty for all global organisations handling cross border money transactions from multiple sources. international financial regulatory frameworks have become far more stringent as countries across the globe continue to struggle with tackling their well-documented sovereign debt problems and ineffective financial policies. it is important to us to avoid the negative experience to some of our shareholders and consider that it is vital for us to protect ourselves as best we can from the adverse effect of external circumstances. we believe the best way to overcome this issue is to grow into a self-sufficient financial institution. we appreciate vgmc’s core strength is not in finance but in natural resource management and investments as we have proven so far. however, taking inspiration from andrew grove, we know going forward vgmc has to transform from a natural resource investment company into a financial institution. "in the middle of difficulty," observed albert einstein "lies opportunity." vgmc has the most important element to be a successful financial institution offering a wide range of financial services. harnessing the opportunity and potential of our goals will present challenges along the way. we are going through a complex process and our executive board is tasked with steering us safely through a robust and sustainable corporate restructuring that will ensure this is a worthwhile journey for all of us. our commitment at all times is to our shareholders and we understand fully the responsibility of maintaining your on-going support. every decision and plan we are currently implementing has been carefully considered to ensure the benefit to our shareholders in the long term. our executive board will keep shareholders informed of progress and milestones achieved at all times throughout the coming months. on behalf of the board of directors and executive board, i would like to thank every shareholder for their backing of subscribing to cps-platinum and continued support for the sustainable future of our company. kenneth elinger ceo virgin gold mining corporation terjemahan bahasa inggris menjadi bahasa idonesia
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