Member Info for Irishboy

Also a lot of shareholders would not vote for it without the removal of NL , there is no mention of anybody else being removed in the req.

the company still have not addressed the IP issue and no mention how the rebels intend to reunite it with TSP .

To be honest with you it looks like a req that is being lead by FB , in the facts that NL gets to stay on and poor AS stumps up another shed load of money to be shared out between them .

Won last time SP down from 35p to 1p and nothing productive

If you own majority of shares you can’t loose

They won last time with outrageous numbers

Interesting that GM in past worked with Oberon and no mention. Of getting rid of NL

We have expressed these opinions in recent days to the Board, but the Board has refused to take action and hence the reason for this requisition. Given that the alternative is a material risk of insolvency, we do not believe that shareholders and the Board have any choice but to support the above resolutions, and the overwhelming support that the resolutions have make the actual holding of the EGM pointless. These actions should be agreed and actioned by the Board immediately.

On appointment of the new Board, members of the undersigned group will lead a fund raising (the “Initial Funding”) that will provide sufficient funding to the Company to:

1) Cover immediate liabilities;

2) Immediately issue the circulars to call the overdue AGMs;

3) Prepare a business plan to take the Company to commercialisation of its IP; and

4) Proceed with a fund raise to provide the funding required by the new business plan.

The Initial Funding will be of up to £1m and will be at a significant premium to the current share price. The majority will be in convertible loan notes, given that there is not sufficient authorised share capital to issue sufficient equity, but it would be intended that authorisation will be sought at the AGM to increase the authorised share capital to allow the Initial Funding to be converted plus to allow for the broader fund raise anticipated above to be in ordinary shares. Mr Barry Sanders has also committed to converting his loan to ordinary shares, following the increase in the authorised share capital, which will further improve the capital structure.

As we look forward, it would be our intention that the Company has a management team that are experienced in the development and commercialisation of early stage medtech businesses, but until the Company is properly capitalised the right talent cannot be attracted to our business. The Board will have, in the meantime, a significant experience in the space, albeit that at the Non-Executive Director level.

We will commit to maintaining a majority independent Board as we move forward, to ensure that shareholders gain confidence in the newly constituted Board. The new Directors will also undertake a complete review of all actions taken by stakeholders in the business since IPO to satisfy themselves that there is no accusation of wrongdoing that has not been thoroughly examined. An email address for any information in this regard will be set up and every email will be responded to. We regard this as an essential step in the Company regaining the trust of its shareholders, and resetting its relationship with capital markets generally.

We want the Company to succeed, and we believe that these proposals are the only way for the Company to achieve the success that its long-suffering shareholders deserve.

We look forward to hearing from you.

Yours faithfully

Geoff Miller

Annabel Schild

Barry Sanders

Sam Ogunsalu

Victoria Sena

Trustees of the Geoff Miller QRO

21 February 2024

Dear Sirs

We represent a total shareholding of 6,246,667 shares of Truspine PLC (“the Company”), being sufficient to request that the company requisition an EGM. We hereby request such an EGM be convened and that the following resolutions be put to the EGM:

1) The appointment of Geoffrey Miller as Chair of the Board of Directors;

2) The appointment of Samuel Ogunsalu as a Director of the Company;

3) The appointment of Victoria Sena as a Director of the Company; and

4) The removal of Laurence Strauss as a Director of the Company;

We believe that these resolutions have overwhelming shareholder support and we believe that calling an EGM is an unnecessary and superfluous action that only wastes time and money, at a moment in the Company’s history when it can ill afford either. We are only taking this step after extensive attempts to persuade the Board that this is the only sensible course of action and this step has been forced upon when there is no material support for the existing Board across the share register. We have been driven to this action by concern over the financial position of the Company and the management thereof expressed to us by a large proportion of the Company’s shareholder base. We have the resources at hand to ensure the Company can deliver on its objectives, but without these resources there is a material risk to the company’s solvency.

We believe that the new Board that has been put forward has the requisite technical and governance skills to take the business forward successfully, and there is sufficient financial backing from the undersigned to take the business forward under this new Board, whereas the under Mr Strauss’s leadership the Company does not have access to sufficient capital to cover its existing overdue liabilities.

Mr Strauss has allowed the Company to become dependent on a series of small-scale debt and equity fund raises that have avoided insolvency, but only because a larger funding might be possible in the future. As the principals that would have to lead such a raise, we have worked with the Company to deliver this fund raise but Mr Strauss, in providing partial, inaccurate, misleading and contradictory leadership has completely undermined our confidence in him and we will no longer support a fund raise whilst Mr Strauss is a member of the Company’s Board. We also have identified potential strategic partners for the Company, but cannot cement a relationship with the Company under Mr Strauss’s leadership, given his approach to his role.

We have expressed these opinions in recent days to the Board, but the Board has refused to take action and hence the reason for this requisition. Given that the alternative is a material risk of insolvency, we do not believe that shareholders and the Board have any choice but to support the above resolutions, and the overwhelming support that the resolutions have make the actual holding of the EGM pointless. These act

Right who got access to this letter ? Someone obviously ^uc^ke* up ! The truthe is out there .

Who ever it is obviously doesn’t realise that the vote can never be won anyway , that was proved at EGM

New RNS it’s all kicking off 🤦‍♀️😂

Anyone got access to a certain website that published story’s on various companies ? If so could you share on here please .

After reading TSP own rules , I’m not sure they’ve actually given enough notice for AGM and surely yet again broken more Aquis rules , but hey who cares , see no evil , hear no evil , speak no evil 🙊 🙈 🙉

Who’s going to AGM then . Don’t know if we get to actually vote on anything

Https://investors.truspine.org/investors/announcements/210224

I’ve just had a very strange thought , what with headquarters being based at Gatwick airport and a shareholder of a large investment group being based in Middle East and also company has a shareholder (pilot) who flies into Gatwick could something untoward be going on ?

We know FB has been on various “ business trips’ to Malaysia .

Could the company have a sideline ?

Because we know they’ve no money no income so how are they surviving ? The likes of NL , LS must be getting money from somewhere .

All these ex NEDs putting money into TSP fund , makes me wonder what kind of information LS is giving them in return .

Could this be considered inside information ?

Only thing that makes sense is if LS is passing on news about FDA to these two (why else would these two loan TSP money with no interest but MA gets more shares) us poor shareholders are being shafted left right and centre .

It’s on saying going for fictional FDA , but they still haven’t sorted out the I P issue yet .

So even if by some miracle (god knows how without actually owning I P ) they say have FDA passed , nobody going to invest till they own I P .

I was just wondering when they got this feedback from FDA ? It’s Monday morning and just had weekend , FDA don’t work Saturday and Sunday .

Is it just a case of oh it’s Monday we haven’t put out any BS lately , let’s use that old chestnut FDA 🤦‍♀️

Well I guess they are running out of excuses now . They can’t say been in discussions with FDA for weeks and come back with : FDA still requires more details :

But do you honestly believe the the £80k actually left xNEDs bank accounts and made its way to TSP . Because I don’t believe , just another fictitious RNS , to keep Aquis happy . Where’s Mr PR guru Alan Green ? He’s gone quiet .

There all laughing their heads off at shareholders. They’ve had £80k off two ex NEDs in lat couple of months Two people who have supposedly been sacked and made out to be liabilities by Mr Strauss in previous RNS .

You have to start to wonder if these X NEDs are still on payroll . When’s Mr Roberts going to pop up with next loan or is Frank going to also come out of the woodwork with a loan to keep the scam going .

All this incoming money and still we have no news on new NEDs , or what information the FDA still require to get this fictitious clearance .