I sent the following email to BPG.
I have masked specific personal information.
I doubt that I will receive a reply before next week.
Dear ABC
As a personal holder of ABC Million shares, I, and many other Byte Power Group shareholders are concerned regarding the actions of the board running up to and following the last AGM and the passing of what can only be viewed as ‘putting themselves before the company and its shareholders’.
I and other shareholders seek further comments from the board regarding the recent spending of monies, the suspension from the ASX and the recent announcement by SOARLabs (
www.soarlabs.org), which is clearly directed to Byte Power Group management.
ATTENTION:
COMPANY X
Date: 01/01/2018
This is to confirm that your current balance of 213,785,594.147735 SOAR Tokens has been temporarily suspended/frozen due to non-compliance and delivery set out in the initial agreement.
Furthermore selling of SOAR tokens at manageable levels has not been executed and have been issued out to reduce the liability of
COMPANY X (debts, backdated salary to directors).
In the interest of market protection of SOAR, any and all SOAR token holders and overall integrity of SOAR, this constitutes reckless and negligent actions from
COMPANY X and constitutes breach of agreement.
Soar Labs Pte Ltd gives
COMPANY X 21 working days to comply to the necessary terms laid out in the term Sheet, forming part of the contract.
As the major shareholder of
COMPANY X, Soar Labs Pte Ltd would like a report on every transaction made and the justification behind the transactions.
Failure to do so may constitute permanent suspension/freeze of all SOAR token to
COMPANY X and may result in cancellation of SOAR token issued to
COMPANY X.
Liability and damages due to
COMPANY X’s action, non-deliverance and compliance, may further result in monetary claims and actions against
COMPANY X.
*Name has been changed temporarily to maintain confidentiality.
I look forward to your reply.
