Open Letter to Exela Technologies, Inc. fellow Shareholders
BEVERLY HILLS, Calif., Nov. 7, 2022 /PRNewswire/ -- Today, X, LLC released the following open letter to shareholders of Exela Technologies, Inc. (NASDAQ: XELA, XELAP, CFFE)
- Actions by Exela Senior Management and Board Indicate a Disregard for Shareholder Value, Possible Corporate Governance Failures, and Possible Breaches of Fiduciary Duties to the Shareholders of the Company
BEVERLY HILLS, Calif., Nov. 7, 2022 /PRNewswire/ -- Today, X, LLC released the following open letter to shareholders of Exela Technologies, Inc . - Each time we bought, we believed the stock was undervalued but each time the stock continued to lose value.
- To date, I have been totally ignored; the company's leadership will apparently not speak to one of its largest shareholders.
- ELECT NEW DIRECTORS TO PROVIDE BOARDROOM OVERSIGHT,
FIX XELA'S BYLAWS TO REMOVE THE SUPER VOTING RIGHTS HELD BY THE PREFERED SHAREHOLDERS AND TO PROVIDE FOR BASIC SHAREHOLDER RIGHTS.