Unusual Machines CEO says ‘well-positioned’ to keep executing on vision

Unusual Machines (UMAC) issued a shareholder letter by CEO Allan Evans, which read in part, ” I hope this letter finds you well this holiday season. While this communication is unusual for this time of year, I feel it’s important to address a matter that has been brought to my attention. Short sellers are likely planning to create a negative news cycle targeting Unusual Machines, taking advantage of the holidays to manipulate our share price for personal financial gain. While unfortunate, these predatory tactics are something that comes with our growing profile and the increasing significance of what we’re building. I want to provide you with the facts about our progress and position, enabling you to make investment decisions for yourselves, free from the noise of misinformation. Let me be clear: this company’s mission and integrity are unshakeable, and we are well-positioned to keep executing on our vision. We hold ourselves to high standards of transparency and accountability, even when it requires difficult decisions. For example: Proactive Auditor Changes: Leading up to our IPO, we identified concerns with our auditing firm. While we were unable to change firm prior to the IPO, we highlighted it as a risk factor in our S-1 filing. Then, immediately following the IPO, we transitioned to a more diligent firm. Notably, the firm we left was later deemed unsuitable for hundreds of other companies. This proactive decision is an example our commitment to accountability to our shareholders. Transparency in Communication: We work to maintain a high level of transparency by providing shareholder letters like this one. In our end of quarter letters, we directly highlight important aspects like our cash burn and present it plainly so that investors can have accurate information to make decisions. Simplified Corporate Structure: We streamlined our corporate structure, moving our jurisdiction of incorporation from Puerto Rico to Nevada, and simplified our cap table, which now consists entirely of common stock with a few remaining cash warrants. We have worked very hard to simplify our ownership structure so that there is no obscurity or structure that could disadvantage any of our shareholders.Our actions have and will continue to reflect our integrity…In today’s media landscape, it’s easy to throw around accusations like “pump and dump.” While our stock price jumped recently, it was not the result of any marketing campaign initiated or sponsored by us. Let me assure you: this team is deeply committed to building a company that diversifies drone supply chains and supports U.S. manufacturing. Our actions reflect this long-term focus… We know that increased visibility invites increased scrutiny. Rest assured: negative media or attempts to manipulate our share price will not distract us. We are focused on executing our vision of becoming a major U.S. drone technology company, strengthening supply chains, and reducing reliance on foreign manufacturers. To the short sellers hoping to profit from undermining our work: you underestimate the strength of our team, our shareholders, and our mission. To our supporters-thank you for believing in us and helping to build a stronger, more secure future for the drone industry.”