If shareholder approval to the Resolutions is not obtained, then the Company will have only very limited working capital available to meet its requirements. In these circumstances, the Board would put the Company into voluntary administration to resolve the Company's future direction and attempt to rescue the business of the Company.
In light of the above, if there is a greater reason to vote YES to the EGM resolutions I don't know what it is.
The terms of the 'Bergen Agreement' look quite reasonable given the fact that we really are over the barrel financially. They could have been a lot worse.
God damn Synergy International...
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