Auditor in a well-known Polish studio: Minority shareholders of 11 bit studios announced their willingness to establish a shareholders' agreement aimed at collecting 5 percent. votes at the general meeting. This level of shares allows you to submit application about examination of a given area of the company's operations by an auditor for special matters. Shareholders want to clarify the justification for spending funds and the reliability of information provided by the company. The case concerns the closed Project 8. The shareholders' actions are supported by the Association of Individual Investors (SII)
11 bit problems with a killed brand: Project 8 was supposed to be a new brand Polish studies. However, after spending PLN 50 million on it, it was finally closed. – We have great doubts whether the company reported in accordance with the regulations and provided the market with reliable information about this project. Additionally, they appear in public space disturbing statements from former employees hired to work on this project. They show that the project was poorly managed, their ideas were thrown into the trash and the company's management is to blame – says Krzysztof Słupczyński, an individual investor associated with 11 bit studios since its debut on WSE.
Notification to the Polish Financial Supervision Authority: The whole matter will not remain an internal matter of the company. SII believes that the case of 11 bit studios is important for the entire gaming industry and other companies listed on the WSE. Therefore, the Association announced that it would refer notification to the Polish Financial Supervision Authority regarding the situation related to 11 bit studios.
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Source: : SII