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.
Ann: Notice of Extraordinary General Meeting/Proxy Form, page-4
Add to My Watchlist
What is My Watchlist?