can't help thinking that BoD are to blame for most of the reasons given in this announcement - not the marketplace. It's their job to promote the company. What are the listing costs that they will save? Why hasn't the BoD and HQ been reduced to the bare minimum before now, which is going to happen anyway when it is delisted? I've run a listed company and I know what minimal Board fees look like.
This is not the only place to start saving money:
These people should be copping a really hard time from the sponsoring broker and the IPO subscribers before delisting is voted on.
I think that an alternative plan should be proposed.
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