Kib Plug Energy shareholders have questions about the Dec 13th shareholder meeting where there will be a vote to name The Coretec Group people to the board . I understand they are unhappy about previous management but they can rest assured that these guys know what they are doing and will be the best choice in growing their company and building shareholder value .
The letter from Kim Hyun-tae, representative of the KIB Plug Energy Small Shareholders Association on December 3, 2024 in part stated :
" Despite being a sound and excellent company, KIB Plug Energy has repeatedly met the wrong major shareholder since its establishment, causing countless minority shareholders to suffer without any fault. Recently, due to suspicions of embezzlement and breach of trust, trading has been suspended, and I feel strongly that we should no longer leave the company in the hands of major shareholders."
" The announcement of the change of the date of the extraordinary general meeting of shareholders to December 13 at the last board meeting is judged to be a trick by Coretech, which only holds 18 million shares of M Square, to seize management rights with a small number of shares.
I would say to Kim Hyun-tae , that he can trust the management from The Coretec Group to run Kib Plug Energy more successfully than anyone has in the past . I get it that he isnt sure about the future as their stock has been de-listed from the Korean exchange but you couldnt have a better group of people taking charge of Kib Plug Energy than The Coretec Group management . After Kim Hyun-tae hears from the new nominees From Coretec , if hes at the shareholder meeting , i think he just might feel very different and be comfortable with the new management once they are in place .
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