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Aus dem "Letter to Shareholders" vom 4. September: As you may know we listed our common shares on the Open Market of the Frankfort Stock Exchange (the “Exchange”) in November 2009. Since that time, Blue Planet, like many smaller companies around the globe whose shares are listed was hindered by a lack of liquidity and support in the market. At the time we listed on the Exchange, listing requirements were favourable for start-up and young companies. However, in 2011 the Exchange imposed new requirements on companies seeking a listing of their shares, as well as requiring the preparation of a prospectus by current issuers such as Blue Planet to maintain its listing. The Company elected to fulfill the onerous prospectus requirements, in terms of both time and money, in order to remain on the Open Market. We engaged Collins Barrow LLP to assist us to produce audited financial statements for the current year, and previous years. Our prospectus was accepted by the Exchange in late September 2011.
However, during the past year the Exchange engaged in another review of its overall operations leading to, among other things, a restructuring of its listing requirements. Consequently the Company will not be in a position to meet all the current and proposed requirements to continue its listing on the Open Market. While it may be possible to negotiate some relief from these requirements, your Board is strongly of the view that the audit, compliance, and other costs ( over $300,000 to-date) associated with membership, the lack of liquidity provided by the Open Market for Blue Planet’s shares, and the possibility of further, more onerous and uncertain requirements may be imposed by the Exchange in the future, it is in the best interests of all shareholders not to seek Open Marker inclusion for our shares. We were initially led to believe that a listing on the Exchange would provide a source of funding for Blue Planet and liquidity for investors. The listing has provided neither and there is little expectation that it will happen given our past experience with the Exchange. There is simply a lack of value and benefit for the company to retain its listing status. Of course, the Board will certainly consider seeking a listing for our shares on another other exchange or trading platform, at the appropriate time in the future.
The Board is as sensitive to the issues of delisting and becoming a privately held company, as everyone reading this letter. But, after debating the issues, and receiving advice from our legal and financial network, we concluded that delisting the Company in an expedient and non-distracting manner would be the best course of action to take. Heißt auf gut Deutsch: Das Unternehmen erfüllt die Anforderungen für ein Weiterführen des Listings in Frankfurt nicht und es hat auch nicht vor, ein weiteres Listing in Deutschland zu erreichen, eventuell "at the appropriate time in the future" an ner anderen Börse. Natürlich gibt es die tolle Konferenz am 29.10., aber was soll da passieren? Allein der CEO hält gut 50 % der Aktien. Da werden die anwesenden Aktionäre nicht viel gegenhalten können, zumal die IN DEUTSCHLAND gelistete Firma ja ihren Sitz IN TORONTO hat. Schon schlau eingefädelt ;)
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