I’ll have a go at answering.
If I have got anything wrong I am sure someone will correct me.
Q - What happens if we delist?
A- WFE becomes an unlisted public company. It’s a lot harder and more complicated to sell or buy shares off market. They can still raise money from the public.
Q- Do shareholders still retain their shares?
A- YES
Q- Does WFE still conduct business as usual?
A- Yes, if they have a business or they can just flounder along until they run out of money and hope.
Q- Can the Board make major decisions without shareholders vote?
A- Simple ones yes, major ones no.
Q- Are the Board required to provide financials to Share Holders even though we are delisted?
A- Yes a public un listed company must disclose everything just as a listed public company does. (This does not mean they will.
Q- If we delist are Share Holders able to force the removal of all current Board Members?
A- Yes, but good luck with that and why bother unless you have serious numbers, replacement directors and lots of money.
Q- Is there any Legal Avenues that Share Holders may have to try and get some sort of clarity with this situation or maybe recoup some money?
A- Yes, very expensive and good luck if you try! They will handball it to insurance if needed. (Try and Find an ambulance chaser)
Q- Is it the usual protocol for CEO & Board Members to go hide under a rock when issues like WFE are facing arises?
