Tuesday, 27 September 2016

Exaro - Notification


Exaro-related postings will remain on this blog until November 1st, 2016 or thereabouts, and then be transferred to another site so that they are on the record but no longer distract from the main purpose of Position Reserved which is to review political and philosophical issues as they arise. 

As of the date of this posting, I have no further information on Exaro Holdings Ltd. There is nothing to add to the account given on July 21st other than to say that the Shareholders Meeting never took place for reasons that remain obscure. The Company, therefore, has not been wound up as of today but continues to exist under the effective control of New Sparta.

ExaroNews (the trading subsidiary of Exaro Holdings) has ceased functioning as an investigative journalism site. Exaro Holdings may or may not be wound up on whatever terms are appropriate and ExaroNews may or may not be sold on or even revived on different terms.

I have no current knowledge of any of these theoretical options and I have had no communication about the Company from the Company since the first half of August.  I await proposals from the majority shareholder when and as he or his agents can make them.

Since I resigned as a Director over failure to provide information in a timely manner, I have no rights to information except as a shareholder on equal terms to other shareholders.  I now consider this a private matter that no longer requires further public communication. Please refer all queries to New Sparta who are the majority shareholders in Exaro Holdings Ltd.