Concerned Shareholders Continue to Express Frustration with Incumbent Board and solicit votes for new experienced slate of directors at Shareholders Meeting
TORONTO, Feb 1, 2023 / –Hummingbird Capital Inc, reminds shareholders of Ciscom Corp. (CSE; CISC), (OTCQB: CISCF) pending voting deadline.
As concerned shareholders led by Hummingbird Capital Inc., Chen Xi Liao, and Andrew Darbyson, we bring your attention to a critical juncture in the future of our company. The long-overdue Annual General Meeting (AGM) is finally upon us, and it is imperative that your voice is heard by voting the blue proxy by Monday February 5th, 9am. It is important to note that the AGM was only called due to the actions of concerned shareholders via our attorney’s Cassels Brock LLP, who pressed the Incumbent Board to convene. The incumbent Board was intent to hold a information session in February 2024 and fully disregard numerous calls from the former CEO Drew Reid and shareholders to call an AGM and make the company compliant.
Why Vote the Blue Proxy?
Our slate of directors, led by Charles Brofman, Lino Fera, Gilles A. Trahan, and Aldo Retondi, is committed to bringing positive change to Ciscom Corp. Presently, the board lacks the experience needed to navigate the complexities of public markets and has displayed tactics which can be deemed as shareholder suppression, intentional incumbent board proxy control, stifling the voice and will of its shareholders. In contrast, our proposed directors bring extensive experience and expertise to guide the company toward sustainable growth and profitability, prioritizing the will and interests of shareholders over entrenched board positions.
We acknowledge the valuable contributions and propose the re-election of Shaun Power, the chairman of the audit committee, and Dave Matthews, heading operations at Ciscom's Prospect Media Group. However, it is evident that a substantial change is needed to address the continuous decline in our stock price, absent Capital Markets, thus seriously impaired ability to acquire further companies, and the excessively high professional fees, of which the current board lacks the experience or seemingly the desire to rectify.
The Need for Change:
The stock price has been in a concerning free fall, with daily trading volume dropping to less than 150 shs traded on some days. Additionally, the professional fees incurred by the company far exceed those of similarly sized companies. Moreover, the board aims to expand further, adding more costs and potentially entrenching their control, indicating a lack of experience jeopardizing the interests of the company and its shareholders.
Your Vote Matters:
Vote for change, vote for reduced bureaucracy and management costs, and vote for experience to shape a brighter future for Ciscom Corp. Choose the blue proxy to ensure positive transformation.
Recognizing the current board's use of strong-arm tactics, we urge you to act now. Even if you've already cast your vote, you can supersede your previous decision by voting with our blue proxy.
Protect Your Investment:
Do not let your investment continue to lose value. Vote for experience, vote for change, and vote the blue proxy to secure a more prosperous future for Ciscom Corp.
To Vote with us
If you hold your shares in DRS at the transfer agent or in certificate form:
For shares held in your brokerage firm:
Alternatively, reach out to Mr. Liao by email firstname.lastname@example.org, and we will guide you through the voting process.
Thank you for your attention, and we appreciate your commitment to the future success of our company.
Information in Support of Public Broadcast Solicitation
Proxies. Proxies may be solicited by the Concerned Shareholders pursuant to an information circular sent to shareholders after which solicitations may be made by or on behalf of the Concerned Shareholders, by mail, telephone, fax, e-mail or other electronic means as well as by newspaper or other media advertising, and in person by directors, officers and employees of the Concerned Shareholders, who will not be specifically remunerated therefor. The Concerned Shareholders may also solicit proxies in reliance upon applicable exemptions to the solicitation requirements under Canadian corporate and securities laws, which may include by way of public broadcast, including through press releases, speeches or publications and by any other manner permitted under applicable Canadian laws. The Concerned Shareholders may engage the services of one or more agents and authorize other persons to assist in soliciting proxies on their behalf.
Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking statements. All statements contained in this filing that are not clearly historical in nature or that necessarily depend on future events are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. These statements are based on current expectations of the Concerned Shareholders and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. The Concerned Shareholders do not assume any obligation to update any forward-looking statements contained in this press release, except as required by applicable law.
Hummingbird Capital Inc.
For further information, please contact:
HummingBird Capital Inc.
President & CEO
Chen Xi (Tony) Liao
Phone : 647-874-8088
E-mail : email@example.com