9SP 9 spokes international limited

Ann: Notice of Extraordinary General Meeting/Proxy Form, page-4

  1. 3,889 Posts.
    lightbulb Created with Sketch. 409
    TBH I dont think there is much point to vote against...other than spite

    It is unable to meet listing requirements due to funding
    If its not listed, we cannot sell on market
    If they de-list - we can TRY to find buyers through third party.
    They cannot obtain equity from the market... bridge has been burnt
    Banks will not lend them money... it is cash flow negative
    Customers don't want to sign on... because they can see how poorly it is run through the information 9SP must provide while listed.

    A private equity investment (likely AG funneling some of the money he has leeched out of 9SP back into it for a greater holding) is basically their only chance of continuing to exist...
    if they can then secure renewal of BoA - they might have a chance... existing shareholders will get next to nothing delisted... listed and wound up - we will get absolutely nothing
    New customers not being able to see the bigger picture by listing documents will make them "appear" less risky.
 
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