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Also given the bank loan is due to be paid off by 1/6/18 surely anytime after that could be too late.Would the chapter 11 stop them from foreclosing after that that date? Although this call for a meeting is a great development and our only hope,we are certainly a long way from saved.GLA
Seems a long time surely under special circumstances they have to call it sooner?
I think the 2 stooges have 21 days to replay then the meeting has to be arranged within 28 days of that reply. So that's 49 days max from when the meeting was requested.
Interesting read. Hope jc has been busy pushing his wish for a date of egm asap!
1270630 pledged
Some good news posted by pr100 on ADVFN: https://www.nytimes.com/2015/05/16/business/dealbook/speaking-out-for-shareholders-in-corporate-bankruptcies.html
Total shares pledged so far is: 40, 234, 977. I am currently looking into the Chapter 11 Automatic Stay and whether Chuck and Rick can use it to hide behind with regards to JC's request to hold a meeting to have them removed. Whilst the "Automatic Stay" protects them from the banks and other creditors I am not seeing anything that they can use within it to refuse JC his meeting. After all, and here is the rub, they are still bringing in nearly $2,000,000 and month! So for them it's business as usual! Obviously we are all waiting to see what the company does next. If there are any more lurkers wanting to join the list then either mail me at: hawkishhawkers@gmail.com or let me know here. Strength in numbers peeps!
I emailed all board members plus aim regulator...no reply from anyone
I pledge my support also - 317463. Gla.
Can't bare to look at this, don't check very often these days, invested nearly 25k a few years back when prices were higher, was a lot of money for me..... now worth hundreds only 🙄
I don't know if he holds unsecured bonds, but at this point as far as I can see we have nothing to lose.
JC has been trying to reach the Board with a proposal, and significant funding, but they are not responding to his communications! Totally negligent! There must be some entity that can come down on the current Board like a tonne of bricks!?!
I am going to haven’t had chance yet! Well certainly email anyway. Who else here has and any response yet? And response from brokers or anyone? Any news from jc?
Thanks let me know if any support is needed in anyway I am willing to fight for what is rightfully ours to he shareholders and not let chuck destruction of the company go on.
Does Claesson also hold unsecured bonds? If so you might have to pursue this a little different. He may be an adversary rather than a white knight if he does hold the bonds. I have some time off at the end of the month and will try to run some equity numbers for you. Equity is third in line behind the bank and unsecured bonds.
You are on the list mate. I will update everyone tomorrow when I have more time. Thanks for all the pledges! :0) I reckon we will have broken 4%!
Don’t forget my 2523280 pledged!
I pledge 1,000,000
My 150,444 also.
You can add my 400,000 shares to this.
390735 myself too
718,004 shares here. I will similarly support any unified action on these lines.
I couldn’t agree more they are still accountable and we should give them hell until we get the result we want as shareholders which is obviously to get the company back up and running. Backing jc is our best chance!
For what it's worth you can add my 196,565 shares to the action pot and I'll support any communication to the company. I have been an optimistic supporter and am thus disappointed with the current position, but like many others I am now getting more frustrated daily with the lack of communication or any positive action by the management team in respect of shareholders, be they private or institutional.
My point is if we start giving all agents connected to Hawk some grief then they may, just may start passing on that grief to Rick and Chuck. Once people begin to worry about any liability coming thier way it might spur them into action. If we all just sit back then we will lose our money as sure as night turns day.