Europa Press December 5, 2009 , 12:29.
La Seda de Barcelona meets today to six months without being listed after the June 5 National Commission of Securities Market suspended trading of its securities by attending "circumstances" that could disrupt normal development of value - shareholders initially did not sign the 2008 accounts --.
Chemistry has lived ever since an intense semester marked by relay in the dome, proposed plan of feasibility cuts, protests by minority shareholders and employees, and lawsuits.
Rather than look to the past, company officials noted that the priority now is to close the deal with the bank as soon as possible - it would be desirable before the special meeting Dec. 17 - to restructure the group's financial debt and take forward the plan to ensure viability its future viability.
This week the Silk reported that 80% of the capital of the entities related to the company - 56 banks and others - voted the restructuring plan and 75.3% gave their approval. Is 20.9% of vote (18 entities) and, according to the company, is expected to do so favorably.
The board of 17 is key to giving the green light to plan for sustainability - with sales of plants, as IQA of Tarragona, and job cuts - and propose a capital of 300 million, with the participation of the potential partner BA Industrial Glass.
few days earlier, minority shareholders of La Seda are scheduled to meet with President the company, José Luis Morlanes - which relieved the destitute Rafael English - to demand an explanation on the progress of the company and the proposals of the board.
Since last summer, the platform Unite for The Silk Road 'has been denouncing the alleged irregularities committed by the previous board of directors of the company, ensuring that also implicates the current board.
This association, which already totals more than 400 small shareholders, has been estimated, again according to his calculations, that the irregularities of the Silk in several transactions totaling about 300 million.
Thus, expect the CNMV take action against the council because "No evidence" that things are not done well, say sources from the platform, who believe that the council "manipulating" the accounts. LEGAL BATTLE
The minority also confident that prosecution of Barcelona, \u200b\u200bwhere they have made several complaints, act quickly on a dozen allegedly fraudulent transactions.
In parallel, since October, the current board of chemistry has taken legal measures that promised to study at the August meeting. Already filed tort actions against English Rafael against Jatroil, Jupiter and be "imminent" new claims against the same English and González Island - for sales in Russia and Tunisia - and against Jacinto Soler Padró, for alleged leaks to the press.
on the proposed capital increase, the platform says that many small shareholders will not go because they think the price of ten cents per share is "market."
health and spirits!
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