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Monsanto Rejects GMO Labeling Shareholder Proposal in SEC Proxy Statement

Posted: December 9th, 2013 | Filed under: Genetic Crimes, Research, Resources | Tags: , , , , , , , , , , , , , |

Proxy Item No. 4: Shareowner Proposal One

This proposal was submitted by Adam Eidinger, Washington, D.C. As of July 30, 2013, Mr. Eidinger indicated that he held 75 shares of Monsanto common stock. The proposal has been carefully considered by the board of directors, which has concluded that its adoption would not be in the best interests of the company or its shareowners. For the reasons stated after the proposal, the board recommends a vote “Against” the shareowner proposal.

The proposal and supporting statement are presented as received from the shareowner proponent in accordance with the rules of the SEC, and the board of directors and the company disclaim any responsibility for its content. We will furnish, orally or in writing as requested, the address of the proponent of this shareowner proposal promptly upon written or oral request directed to the company’s Secretary.

Information regarding the inclusion of proposals in Monsanto’s proxy statement can be found on page 82 under Shareowner Proposals for 2015 Annual Meeting.


Shareowner Statement
WHEREAS:

  • Genetic engineering is the direct manipulation of an organism’s genome using biotechnology.
  • For thousands of years, mankind has modified plants through grafting, artificial selection, and without the use of genetic engineering.
  • Transgenic DNA produced through modern genetic engineering is not found in natural foods and was not in the food supply of previous generations of mankind.
  • Americans have the right to know what they are eating.
  • U.S. law does not require the labeling of patented biotechnology in foods sold in grocery stores.
  • Company stands by its products and believes they are safe.
  • Due to the uncertainty regarding the potential negative side effects of genetic engineering on humans, animals, and the environment, it is imperative that the Company be transparent with customers concerning our labeling efforts.
  • The Company’s Pledge [1] says that we will ensure that “information is available, accessible, and understandable.”
  • Transparency provides consumers the power to decide what kind of foods are grown on farms and served on dinner tables.
  • Over 60 countries around the world have regulations concerning the labeling of foods produced using genetic engineering.
  • In 2002, the Company said “Food Labeling. It has Monsanto’s Full Backing” in regards to the labeling of genetically engineered foods in the United Kingdom.
  • In 2013, there was legislation introduced in over two dozen U.S. state legislatures concerning the labeling of foods created using genetic engineering.
  • The state legislatures of Connecticut and Maine have passed legislation requiring foods sold in those states to be labeled if they were produced using genetic engineering, but only 4 or more other New England states pass similar legislation.
  • The Company spent $8,112,866.55 in 2012 to prevent California residents from voting to increase transparency in their state’s food labels.
  • As of July 2013, the Company has spent $242,156.25 to prevent Washington state residents from voting to increase transparency in their state’s food labels.
  • The money spent by the Company to prevent legislation that discloses whether food produced using genetic engineering dilutes shareowners earnings per share.
  • The Company believes that nationwide regulations are needed to prevent 56 different state & territory food labeling laws.

RESOLVED: The Monsanto Board shall prepare a report, at reasonable expense and omitting proprietary information, assessing any material financial risks or operational potential impacts on the Company in order to:

  • Work with the FDA to develop food labeling guidelines for American consumers that discloses whether genetic engineering was used to produce the food;
  • Work with the FDA to develop standard threshold of 0.9% or higher for foods created with genetic engineering
  • Analyze the inclusion of U.S. patent numbers on American food labels where patented biotechnology was used to produce the food;

The report shall be available by July 1, 2014 and be posted online on our Company’s website. In order to ensure that our Company upholds its pledge of transparency, we urge a vote FOR this resolution.
[1] “Our Pledge” – Transparency: https://www.monsanto.com/whoweare/Pages/monsanto-pledge.aspx


THE BOARD OF DIRECTORS RECOMMENDS A VOTE “AGAINST” THE FOREGOING PROPOSAL FOR THE FOLLOWING REASONS:

Food is one of the most important and significant facets of our world. It is a critically important issue to everyone and is the focus of debates and dialogues from the halls of the United Nations Food and Agriculture Organization in Rome, to the grocery store aisles in Buenos Aires, to the open markets in Cairo. There are diverse points of views on everything from food security, to subsidies, to sustainable intensification, to loss and waste, to distribution systems and even to labeling. It matters to people where food comes from, how it is produced, and how food safety is ensured. As a seed company that participates in the agriculture food value chain, we are actively listening to and participating with others in this dialogue about food. In addition:

  • Our work in agriculture represents just one component of a broad and diverse food value chain that involves many parties. The proponent is seeking a report about the impact of the company’s working with the Food and Drug Administration (FDA) to effect a change in labeling on consumer food products. These are not Monsanto products nor are they manufactured, controlled, packaged or labeled by our company. We sell seed to farmers, who often sell their crop harvest to a grain processor, who sells grain or ingredients to a food company, who may further process the ingredients, then manufacture the food item, which it then sells to a retailer, who ultimately sells the finished product to a consumer. As a company that is focused on agricultural productivity and which sells products to farmers our position in the chain does not afford us the expertise that would inform an assessment of consumer food packaging information.
  • Genetically modified (GM) crops are but one important tool that farmers may choose in engaging in sustainable agriculture. Farmers, whether they adopt conventional, GM or organic seeds, employ a variety of production practices to control weeds and pests and improve the yield of their crops. In order to reduce the need for topical controls or other practices, millions of farmers around the world choose to control weeds and pests, and protect their crops’ yield, through GM seeds, which incorporate a new gene in the seed, such as a protein from a bacterium that is commonly applied over the top of conventional and organic crops to control pests.
  • We support current FDA guidance on food labeling which is based on the attributes of the food itself. In the United States, the FDA regulates the safety and labeling of foods and food products derived from crops (conventional, GM, and organic), and all must meet the same safety requirements. FDA guidance requires labeling of food products containing ingredients derived from GM crops if there is a meaningful difference in composition, nutrition or safety between that food and its counterpart derived from conventional crops. In the absence of such a difference, the FDA has determined that mandatory labeling is not required. The American Medical Association (AMA) supports the FDA’s approach and approved a formal statement asserting that there is no scientific justification for special labeling of foods containing GM ingredients. FDA guidance does not require labeling of production practices used by farmers employing conventional or organic methods to control weeds and pests and improve their yields.
  • We support voluntary labeling to support consumer choice, provided the label is truthful and not misleading. We recognize that some consumers may prefer to avoid foods that contain GM ingredients. Food companies recognize this as well, and are providing these customers the choices they prefer through organic offerings or by voluntarily labeling their products “non-GM”. People who prefer to purchase non-GM foods can easily find such products. The FDA allows food manufacturers to label their products voluntarily to indicate certain attributes or production methods (e.g., organic, conventional or GM), provided the label is truthful and not misleading. We support this approach and are pleased to sell our seed products to farmers employing any of these production methods. For more information about our views on consumer choice and proposals that would mandate labeling of food products containing GM ingredients, please visit https://www.monsanto.com/newsviews/Pages/food-labeling.aspx.
  • We believe that mandatory labeling of GM ingredients where there is no meaningful difference in nutrition or safety could confuse and mislead consumers. Demands for mandatory labeling of GM ingredients as a matter of consumer choice may instead lead to a reduction in consumer choice by misleading consumers into thinking products bearing such a label are not safe, are less nutritious or are otherwise inferior to similar products without the label. Indeed, the pejorative connotation of a mandatory label could result in consumers viewing it as a warning statement that could scare them about the foods they have come to like and trust. The suggestion advanced in the proposal is that the company should advocate for the proponent’s preference for labeling consumer food products, which is contrary to the position we have stated publicly and contrary to the views of our customers and the food value chain.
  • We support transparency and dialogue about biotechnology and our products, both with our customers and with consumers. In the United States, the Grocery Manufacturers Association, of which the company is a member, recognizes that some consumers may have questions about GM production methods and food ingredients and is providing information through a dedicated website, https://factsaboutgmos.org/. This site informs readers that if the ingredient label on a food or beverage in the U.S. indicates that the product contains corn or soy, the product most likely contains ingredients derived from GM seeds because a very high percentage of corn and soy in the United States is grown from GM seed products. In addition, www.monsanto.com, provides extensive information about biotechnology benefits and safety, generally, and Monsanto’s genetically modified seed products, specifically. Recently, Monsanto has worked with other seed companies to make additional information about agricultural biotechnology available to interested consumers. The website GMOanswers (https://www.gmoanswers.com) invites consumers to ask questions about agricultural biotechnology. General safety and benefits questions are addressed by independent experts; company-specific questions are addressed by company representatives.
  • Assessing the inclusion of U.S. patent numbers related to biotechnology on American food labels is unrelated to our business and such labeling would likely be disruptive to the food supply chain. The consumer food product labels that the proposal suggests analyzing are unrelated to our business of selling seed products to farmers. The proposed assessment would provide no meaningful information to shareowners. The proposal appears to suggest that the inclusion of patent numbers on product labels might serve as indicia that a product contains ingredients derived from GM seeds. The food manufacturer would then be burdened with significant compliance challenges if required to specifically identify the variety of seeds that produced grain that was ultimately processed in the food. Given the extensive pre-commercial food safety assessment and regulatory reviews by government officials, the U.S. food system operates effectively and efficiently in managing commodity crops, such as corn, soy and cotton. A separate program would be required to harvest, crush, store, transport and process by particular seed varieties, in order to enable labeling to that level of specificity, and would undermine the system.


THE BOARD OF DIRECTORS RECOMMENDS
A VOTE “AGAINST”
THIS SHAREOWNER PROPOSAL
AND YOUR PROXY WILL BE SO VOTED IF THE PROPOSAL IS PRESENTED
UNLESS YOU SPECIFY OTHERWISE


SOURCE: Page 76, Monsanto Company Proxy Statement, Securities and Exchange Commission

New Monsanto Shareholder Resolution Supports GMO Labeling

Posted: August 8th, 2013 | Filed under: Research, Resources | Tags: , , , , , , , , , , , , |

TO:
Monsanto Company
Corporate Secretary
David Snively
800 North Lindbergh Blvd.
Mail Stop A3NA
St. Louis, Missouri 63167

RE: Shareholder Proposal

Dear Corporate Secretary,

As a beneficial owner of Monsanto Company stock, I am submitting the enclosed shareholder resolution for inclusion in the proxy statement for the 2014 meeting in accordance with Rule 14a-8 of the General Rules and Regulations of the Securities and Exchange Act of 1934 (the “Act”). I am the beneficial owner, as defined in Rule 13d-3 of the Act, of at least $2,000 in market value of Monsanto common stock. I have held these securities for more than one year as of the filing date and will continue to hold at least the requisite number of shares for a resolution through the shareholder’s meeting. I have enclosed a copy of Proof of Ownership as well. I or a representative will attend the shareholder’s meeting to move the resolution as required.

Sincerely,
Adam Eidinger
Activist Shareholder



WHEREAS:

  • Genetic engineering is the direct manipulation of an organism’s genome using biotechnology.
  • For thousands of years, mankind has modified plants through grafting, artificial selection, and without the use of genetic engineering.
  • Transgenic DNA produced through modern genetic engineering is not found in natural foods and was not in the food supply of previous generations of mankind.
  • Americans have the right to know what they are eating.
  • U.S. law does not require the labeling of patented biotechnology in foods sold in grocery stores.
  • The Company stands by its products and believes they are safe.
  • Due to the uncertainty regarding the potential negative side effects of genetic engineering on humans, animals, and the environment, it is imperative that the Company be transparent with customers concerning our labeling efforts.
  • The Company’s Pledge [1] says that we will ensure that “information is available, accessible, and understandable.”
  • Transparency provides consumers the power to decide what kind of foods are grown on farms and served on dinner tables.
  • Over 60 countries around the world have regulations concerning the labeling of foods produced using genetic engineering.
  • In 2002, the Company said “Food Labeling. It has Monsanto’s Full Backing” in regards to the labeling of genetically engineered foods in the United Kingdom.
  • In 2013, there was legislation introduced in over two dozen U.S. state legislatures concerning the labeling of foods created using genetic engineering.
  • The state legislatures of Connecticut and Maine have passed legislation requiring foods sold in those states to be labeled if they were produced using genetic engineering, but only after 4 or more other New England states pass similar legislation.
  • The Company spent $8,112,866.55 in 2012 to prevent California residents from voting to increase transparency in their state’s food labels.
  • As of July 2013, the Company has spent $242,156.25 to prevent Washington state residents from voting to increase transparency in their state’s food labels.
  • The money spent by the Company to prevent legislation that discloses whether food produced using genetic engineering dilutes shareowners earnings per share.
  • The Company believes that nationwide regulations are needed to prevent 56 different state & territory food labeling laws.

RESOLVED:

The Monsanto Board shall prepare a report, at reasonable expense and omitting proprietary information, assessing any material financial risks or operational potential impacts on the Company in order to:

  • Work with the FDA to develop food labeling guidelines for American consumers that discloses whether genetic engineering was used to produce the food;
  • Work with the FDA to develop a standard threshold of 0.9% or higher for foods created with genetic engineering;
  • Analyze the inclusion of U.S. patent numbers on American food labels where patented biotechnology was used to produce the food;

The report shall be available by July 1, 2014 and be posted online on our Company’s website.

In order to ensure that our Company upholds its pledge of transparency, we urge a vote FOR this resolution.

[1] “Our Pledge” – Transparency: https://www.monsanto.com/whoweare/Pages/monsanto-pledge.aspx

[Russia Today] Behind the scenes: Undercover shareholder pushes for transparency at Monsanto

Posted: February 1st, 2013 | Filed under: Incident Reports, Press, Video | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |


Behind the scenes: Undercover shareholder pushes for transparency at Monsanto

Published February 1st
Download

­About a dozen protesters calling themselves Occupy Monsanto spent several hours near Monsanto’s headquarters in Creve Coeur, Missouri as shareholders voted on members for the company’s Board of Directors.

The protesters called for more transparency in the multinational company’s operations especially in labeling, research and business practices.

Adam Eidinger who owns 75 Monsanto shares read his speech to the protesters before heading to the meeting to address shareholders with a statement on behalf of Pesticide Action Network, the company, which submitted the study on potential risks of using GMOs.

RT: You are a Monsanto shareholder, so you’re obviously interested in the company making a profit. But you are planning to speak on behalf of the company which submitted the study on the potential risks of Monsanto products. Why are you doing this?

AE: Well the resolution we had would have required a report to be written that could be shared with researchers and scientists across the globe about the risks that they know – the company knows already – about their genetically modified crops. Which many safe food activists believe make us more reliant on herbicides and chemicals that the company also sells. And these chemicals may be what’s causing higher rates of cancer in industrialized nations across the globe.

We know how it caused tumors in rats that were fed in long term studies last year. Dr. Seralini’s study was a topic during this shareholder meeting, I brought it up. I was able to speak during the meeting.

And this meeting was closed to the public, as you said. And one of the things we are asking for is in the future this to be live-streamed.  People around the world care about what’s going into the food. They may not want to own Monsanto stock.

I only bought the stock so I could speak at this shareholder meeting.

RT: A Chinese economist has criticized Monsanto for controlling the country’s soybean market and trying to do the same with corn and cotton in the country. How is this impacting local farmers?

AE: It devastates local farmers time and time again. We’ve seen countries where Monsanto has introduced ‘patented’ technologies, I like to call it. And they only provide hybrid seeds to farmers who then loose bio-diversity, loose varieties that have actually adapted to that area.

What we need on this planet is better distribution of food and we need better organic methods to be shared with farmers, not more reliance on chemicals and pesticides.

And now, it was quite alarming at this shareholder meeting, there are these new technologies where they are going to be modifying insects and viruses and introducing these novel viruses into the environment to handle pests, to kill pests.

We wonder why bee populations around the world are plummeting – it’s because of these chemicals and possibly because of this new technology.

RT: In 2009, Monsanto was accused by the US Justice Department of breaking anti-trust rules. But in 2012 the inquiry was closed without taking any enforcement action. Why?

AE: I think Monsanto is a perfect example of regulatory capture where an industry captures the levers of government, levers of our democracy that are supposed to protect us from companies that would profit over our health being impacted in a really negative way. I mean people may be allergic to these crops, to the chemicals that are used on them, and they are trying to avoid them. And in America they have no right to know if the food has been genetically modified or not. And that is something I brought up at the meeting, if you want to be transparent you ought to label the food. 

So yes, you have people at the FDA like Michael Taylor who is the head of food safety who also was the vice-president of Monsanto for a decade and prior to that worked at the FDA as well. So it’s a revolving door, he was at the FDA, went to work for Monsanto and now he’s back at the FDA. It’s clear that secretary of state Clinton, she emphasized giving these hybrid seeds to Africa, yet there’s no proof this is going to help African farmers. I think quite the contrary – they are going to become dependent on buying seeds from the United States when they should be able to save their seeds and develop their own varieties in Africa.


Source: Russia Today

KPLR: Protestors Want Monsanto To Be More Transparent

Posted: January 31st, 2013 | Filed under: Press, Video | Tags: , , , , , , , , , , , , , , , , , |

(KPLR) – Protestors in front of Monsanto Thursday to pressure the company’s CEO to make shareholder meetings more transparent. The bio-tech firm located in Creve Coeur, voted on a shareholder proposal to launch a study on risks and impacts of its genetically modified organisms. The activists supported the study, but are pointing out Monsanto is not living up to its own goal of ensuring information is accessible to the public.


Source: KPLR

Creve Coeur Patch: Occupy Monsanto Protests Shareholder Meeting

Posted: January 31st, 2013 | Filed under: Photos, Press | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Occupy Monsanto Protests Shareholder Meeting

Monsanto’s shareholders held their annual meeting at the corporate headquarters in Creve Coeur.
By Maggie Rotermund

Shareholders for Monsanto gathered on the campus of the Creve Coeur agri-giant’s world headquarters Thursday to elect members of the company’s Board of Directors.

Approximately eight demonstrators, calling themselves Occupy Monsanto, spent several hours Thursday afternoon holding signs and banners along Olive Boulevard. The group was protesting Monsanto’s use of genetically modified organisms (GMOs) and its lack of transparency in research.

Adam Eidinger, speaking on behalf of Harrington Investments and the Pesticide Action Network, read a statement to protesters before heading inside to speak to other shareholders. Eidinger said he owns 75 shares of Monsanto stock.

Eidinger said he was going to speak to the shareholders about transparency in labeling, research and business practices.

His speech read, in part:

The way forward is by upholding the Company’s pledge to transparency. First, this means following the lead of other Fortune 500 companies like Apple, Coca-Cola and Walmart and begin to stream over the Internet audio and video of all future shareholder meetings. Second, the Company should cease its efforts to stymie legislative solutions that provided increased transparency around GMO foods. States like Washington, Hawaii, Connecticut, Oregon, New Mexico, Vermont and even here in Missouri have legislative solutions in the works. These efforts should be embraced by the Company, not fought off with lobbyists and lawyers. Third, the Company needs to provide scientists access to the Company’s seeds and existing body of research. Let independent scientist provide the much needed peer-reviewed studies, so the public at large believes this Company is being truly transparent.

Eidinger quoted Monsanto CEO Hugh Grant from an interview with the Wall Street Journal. Grant said “we (Monsanto) needs to do a much better job explaining where food comes from.” To view the full WSJ interview, click here.

See Patch’s previous coverage:


Source: Creve Coeur Patch

Prepared Statement to Monsanto Shareholders and the Board of Directors Given at the 2013 Annual Shareholder Meeting

Posted: January 31st, 2013 | Filed under: Genetic Crimes, Incident Reports | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |


Monsanto Annual Shareholder Meeting
Building A
800 Lindberg Road
Creve Coeur, MO
January 31, 2013

Good Afternoon. I am here speaking on behalf of Harrington Investments, the Pesticide Action Network and my 75 shares . Our resolution for consideration by fellow shareholders addresses serious and potential risks associated with our Company’s genetically engineered crops, the toxic chemicals applied to these crops, and the related civil liability our Company may face due to their continued sales.

I realize our resolution is the same as last year and is unlikely to receive enough votes today to pass. So instead of speaking to the merits of the resolution or the Board’s prepared response, I am going to use my limited time to inform fellow shareholders that a massive tidal wave of consumer rejection of foods derived from our company’s patented technology has yet to crash down, but will soon.

What I am speaking of is a historic re-ordering of what crops farmers will be permitted to grow and the near-complete collapse of our customer base if we don’t change our business practices. Customers in our value chain are beginning to reject our patented technology due to the unsustainable consequences its use brings for human health and that of our soil and water.

First of all, why is our Company and it’s industry partners as a whole so vigorously hostile to new independent, peer-reviewed research? Last Fall, Dr. Seralini’s research clearly showed that rats fed this Company’s NK603 corn over their lifetime had serious health issues versus rats fed the control, a non-genetically engineered diet. We know the Company’s Technology Agreement does not permit farmers to give their seed away to scientists for research purposes. But in order for Monsanto to uphold its official pledge of “Transparency,” the Company’s patented technology must be scrutinized by scientists in every country in the world, without restrictions. The Company must embrace all research, in all its forms, to be truly transparent with current and future customers.

It is clear from the research of Dr. Seralini, that exposure to glyphosate and our Roundup Ready family of herbicides in only trace amounts of drinking water was linked to severe tumors in these rats over a lifetime of feeding. Moreover, our Company’s own rat feeding trials were woefully inadequate in measuring the long-term health risks of foods derived from our Company’s technology because our studies took place over only 90 days versus a rat’s entire lifetime as shown in Dr. Seralini’s study. To dismiss long-term animal feeding studies that were reviewed by the same scientific journal that years earlier did not reveal the long-term impacts of eating GMOs in Monsanto’s own studies is another example of this Company being two-faced and opaque. Customers, government regulators, and concerned scientists deserve nothing less than crystal-clear transparency from this Company. This starts by welcoming research by scientists who may be critical of our patented technology.

Secondly, last year I warned shareholders and the Board of Directors that the Company’s misguided hostility to safe food activists and farmers was fueling a consumer backlash. There was the Just Label It campaign, which last year sent over 1.1 million petition signatures to the FDA requesting labels for GMO foods. This effort led by Stoneyfield Organic CEO Gary Hirshberg, set the record for the most public comments on a petition to the FDA ever. And most recently social media campaigns have emerged, like the GMO Inside campaign, which urges grocery shoppers to label the suspected GMO foods and post the photos to Facebook and Twitter, as they have done by the thousands.

And then there was Proposition 37 in California. When I asked you Mr. Grant straightforwardly last year, “How much would this Company spend to defeat the California Right2Know Ballot initiative,” you refused to answer my question. Today fellow shareholders I am displeased to report our company wasted $8.2 million dollars to defeat transparency in food labels. Spending millions of dollars through lies and misinformation is not the way to stop the customer backlash towards GMOs. It’s only made it worse. Shareholders need to take this breech of trust very seriously.

While the proposition to label GMO foods in California failed to pass by a slim margin, people now say that if this Company was so proud of its patented technology, it would demand labels just as much as grocery shoppers do. This paradox exists because the Company is not being transparent with itself. This blatant denial of the wishes of customers in our value chain has the fuel to generate a wild fire of grassroots activism against this company. Customers recognize the lack of transparency in our food labels means there must be something to hide and they are wising up to the fact that its our patented technology that is being concealed.

For that matter why is this a closed-door meeting and no video feed made available to the hundreds of millions world-wide who eat our patented technology? Why must we meet in secret if the Company truly embraces transparency?

Since last year’s shareholder meeting we know more than 6 million Americans have voted & signed petitions demanding more transparency in food labels. This voting block is not going away because they vote three times a day- breakfast, lunch, and dinner. Throughout 2012 there were over 150 large-scale protests against this Company’s opaque & undemocratic control of global food policy. There were at least 50 protests at Monsanto facilities world-wide this past September 17 alone and just this last Tuesday there were thousands who took to the streets of Argentina protesting this company. Unless things begin to change and become more transparent, these protests will increase in size and number. Mr. Grant, the grassroots are Roundup resistant.

The way forward is by upholding the Company’s pledge to transparency. First, this means following the lead of other Fortune 500 companies like Apple, Coca-Cola, and Walmart and begin to stream over the Internet audio & video of all future shareholder meetings. Second, the Company should cease its efforts to stymie legislative solutions that provide increased transparency around GMO foods. States like Washington, Hawaii, Connecticut, Oregon, New Mexico, Vermont, and even here in Missouri have legislative solutions in the works. These efforts should be embraced by the Company, not fought off with lobbyists & lawyers. Third, the company needs to provide scientists access to the Company’s seeds & existing body of research. Let independent scientists provide the much-needed peer-reviewed studies, so the public at large believes this Company is being truly transparent.

A video published yesterday on the Wall Street Journal’s website, Mr. Grant said quote “we need to do much better job explaining where food comes from” We wholeheartedly agree. From independent scientific experimentation to honest food labels to streaming future shareholder meetings, this Company needs to look inward and become transparent.

Thank you for your time and I will answer questions shareholders may have.