NEW YORK — PSYC Corporation , the parent company of Spotlight Media Corporation (SMC), a leader in media for emerging sectors like medicinal psychedelics, recently released a video podcast featuring CEO David Flores. The podcast, recorded on January 2, 2024, aimed to provide shareholders and interested parties with a comprehensive update on the company’s current business status.
In the podcast, moderated by Psychedelic Spotlight Director and Producer Matthew Dunehoo, Flores openly discussed the various challenges and uncertainties PSYC faces as it navigates its role in the rapidly evolving psychedelics industry. The conversation, lasting over 30 minutes, was intended to offer insight into the difficulties confronting the company.
Flores acknowledged the critical point at which PSYC currently stands. He expressed his intention to provide a transparent and thorough update, citing recent frustrations and disappointments among shareholders due to a lack of communication. The CEO underlined that the Board and he have been working to understand all factors impacting the company to deliver the most accurate update possible.
However, Flores emphasized that, as of the podcast’s release date, PSYC had not finalized any decisions regarding its future operations. The company continues to explore various options and solutions to address the challenges it faces, with the goal of protecting the interests of the company, its shareholders, employees, partners, and other stakeholders.
The podcast served as a platform for Flores to detail the specific challenges PSYC is encountering and share his perspective on the value created through Psychedelic Spotlight over the past three and a half years. He strongly recommended that shareholders and interested parties view the podcast, emphasizing its informational purpose.
Flores’s statements come with a caveat, as some information and opinions shared might be speculative. The company advises viewers and listeners to refer to the Forward-Looking Disclaimer included in the press release.
PSYC CEO offered no guarantees regarding the company’s future survivability but reiterated the commitment to finding the best and most logical solutions in the face of current challenges. The detailed podcast serves as a key communication to stakeholders, reflecting the company’s efforts to maintain transparency and responsiveness during a turbulent period.
