ANS board announced yesterday evening that they failed to receive $2.6 million from the sophisticated investor from China under shares subscription at 0.013 (discounted price) agreement signed between them on 2 August 2018. This sophisticated investor failed to pay within 14 days after the signing of the agreement on 2 August 2018 and the ANS management has been chasing this payment for more than 6 months from this sophisticated investor and ultimately yesterday evening, the ANS board finally gave up and announced that they failed to receive the payment from this sophisticated investor therefore the shares subscription agreement with this sophisticated investor is terminated.
This is time for Grace to apologize in this forum because he keeps saying that many investors with deep pocket lining up to buy the ANS shares.
Hope SDL board and noteholders can see the above facts and act wisely by 31 March 2019.
The SDL shares has been suspended for more than 6 months due to the ANS acquisition deal. If the acquisition deal is not extended by noteholders by 31 March 2019, there is high possibility that the SDL shares trading could resume in April 2019. Noteholders and SDL can go back to the original agreement signed in July 2018 that noteholders will own 68 per cent of the SDL by converting their notes to shares. SDL will become free debt company if noteholders executing this deal.
Let us combine our forces and voices and send email to SDL board and challenge them regarding the current acquisition deal.
