XPD 0.00% 1.3¢ xpd soccer gear group limited

Hey XPD'ers, Below is the text of a letter I wrote to the ASX...

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  1. 1,098 Posts.
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    Hey XPD'ers,

    Below is the text of a letter I wrote to the ASX and I think it would be useful if a few more of us corresponded with the ASX to press our case. This is becoming a bit of a joke!

    20 August 2018

    Ms Luxmy Wigneswaran
    Principal Adviser Listings Compliance (Sydney)
    ASX Limited
    20 Bridge Street
    Sydney, NSW 2000

    Dear Ms Wigneswaran,

    RE: XPD Soccer Gear Group Ltd

    I as a shareholder of XPD, I write to express my concern at what appears to be an over-zealous application of the ASX listing rules.

    As you would be aware XPD Directors Messrs Lill and Sheather have stepped into a very difficult situation with the very best of intentions, namely to preserve value for shareholders; in what is essentially a profitable business. Unfortunately cultural differences and communication problems have made this task extremely time consuming and difficult. I am told the Chinese CEO is committed to the relisting of XPD but I fear his resolve may be tested by what appears to an unending number of queries from the ASX.

    I appreciate the ASX has a duty of care to protect future investors; however they also have an obligation to preserve the investment of existing shareholders wherever this is possible. XPD as a company are trying desperately to get their house in order and I would kindly ask you to be understanding in the situation.

    Kind regards
 
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