You're absolutely correct.
The de-listing order came down well after the 8K was filed. Therefore it is de-listed. Period.
With the number of complaints about Klepsy that have been filed with the SEC, it is doubtful that he'll ever have any company of his listed again in the future. At least not in the US.
And I'm told by former Qtraxers that he's using a very rinky dink outfit as his auditor, so it will be interesting to see what kind of move he tries next. No one will probably admit it but the fat lady sang years ago. It was only a matter of time before it became painfully obvious to many misguided Klepsy loyalists in denial.
Let's imagine that a certifiable Catholic miracle happened and he was able to somehow sell stock or raise money. Tens of millions would be needed. No way he'd get the 100 million or so that it would take to get a service off the ground these days. One Google search and it's over for Klepsy. But let's pretend. Do you actually think that he could compete with Spotify at this juncture? Even Mog couldn't compete. Spotify just announced that they have 15 million active users and 4 million of those are paid subscribers. That's about a 27% conversion rate, higher than the labels ever imagined. Furthermore, Klepsy has lost the trust of the users. You only have one chance in this business and he blew it big time years ago at MIDEM. It has proven impossible to come back from. He's had several failed "launches" since then. He would have to scrap the whole thing and start over fresh with a new model and new brand and there's no way that he could get the licenses he needs without paying out about $100 million cash in advances...and no investor will do that, at least not for him. In all honesty, would any of you give him any more of your own money? You'd be a fool to do so.
The board is set and there's absolutely no way that Klepsy will ever get a spot on it.
