RE: Wow23 Apr 2024 22:26
Currently, it seems that the company's prospects hinge on the positive involvement of one of the two cornerstone investors. The company does not seem to have a strategy beyond what that investor may contribute. The specifics of what these investors offer remain undisclosed, with even the shareholders kept in the dark. Both investors have entered into a non-binding Heads of Terms agreement while due diligence is underway, which raises questions about the lack of transparency. The most recent update informed us that the General Meeting took place and resolutions were passed, but no further details or subsequent updates on any other matters discussed have been provided.
Is this the best approach to repairing reputational damage, advancing transparency, rebuilding relationships, and restoring trust within the company to enhance shareholder value after a 9-month suspension and subsequent relisting?