RE:RE:Good point goldpolka. Nota Bene PAGE 14 "has not complied..."No assurance can be given that such financing will be available on commercially reasonable terms. The ability of the Corporation to arrange such financing in the future will depend in part upon the reputation of management and the board of directors, the prevailing capital market conditions as well as the business performance of the Corporation. The ability of the Corporation to secure financing could be negatively impacted by a change to the existing management and/or board of directors. If additional financing is raised by the issuance of shares from the treasury of the Corporation, control of the Corporation may change and current shareholders may suffer dilution."
The ability of the Corporation has already been severely impacted by the present board and management. This board and management has had ample time and full control of the Corporation since June of 2012 when Luciani, O'Reilly and Taylor teamed up with All Group. They are the ones solely responsible for the mess that Nordex is in today. Despite all their talk about stategic planning. They have failed miserablely. They have squandered precious resources and have bungled the expansion. They could not even successfully launch the already proven Buttbuster line.
I STILL WANT THIS BOARD AND MANAGEMENT TEAM TO CLEARLY TELL SHAREHOLDERS THE REASON WHY THEY WROTE OFF $670,000 IN THE FINAL QUARTER OF 2014. HOW LONG HAD THIS ITEM OR ITEMS BEEN ON THE BOOKS? WERE THESE ITEMS ON THE BOOKS WHEN SHARES WERE ISSUED IN NOVEMBER OF 2012?
WHY ARE THEY BEING SILENT ABOUT THIS CLEARLY MATERIAL CHANGE?
ANSWERS ARE REQUIRED.
B&D