Since a special resolution requiring 75% of shareholders to approve of this course is required it may not be a DONE deal.
Looking at it sensibly the reasons to delist include saving corporate costs of $350k per year - which is not a lot, and that the market hates us and doesn't understand our business model etc.
Another view is that current management do not understand the market. The requirement to grow EPS and to set out a strategy and vision to achieve that strategy.
YBR has been one disaster after another. We're in wealth management, we're not in wealth management.
We're growing our own label, we're focusing on other product lines. We're moving to a franchise model, we're stopping that model. It seems to me that the market is
fed up and someone needs to be fired...
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