As a Xela investor and former bull of the stock, I ask the support of fellow disappointed shareholders in order to request the immediate replacement of the current Xela leadership, that has proven many times to not be trustworthy or capable of running the business properly.

The current leadership is doing everything in their power to keep their shareholders in the dark, not providing any guidance and not answering to the many questions that shareholders rightly have about the future of the Company in which they are invested.

They just keep hiding from their investors, not answering shareholders mail, blocking people and deleting comments from their social media.Even at the latest Shareholders Annual meeting, they pretended they had a technical issue and not a single investor was actually able to attend the Conference.

When the share price of a publicly traded Company plummets 54% just in the last 5 days, and more than 99.75% in the last 5 years, the Company should step in and reassure their shareholders (if that's the case) or address the causes of the decline.

The horrible performance of the stock price at this point, can only be attributed to the pure incompetence of current leadership.Either that or to fraudulent activities.

This prolonged silence from a public Company is not acceptable anymore.The lack of communication and transparency from the current Xela management has irremediably undermined shareholders trust and this cannot be restored.

Too many families are loosing hundreds of thousands of dollars because of current mismanagement.

For the reasons listed above and for the breach of fiduciary duty, I ask every Xela shareholder who feels betrayed by current leadership, to support this petition.What we request is a quick replacement of the current management and BOD, with someone trustworthy, qualified and external to the Company (not linked in any way to Mr. Par Chada' s family or to his equity firm, HGM fund).

We need someone who can understand that it's essential to allow the share price to recover from its current disastrous level, and that won't kill any attempted recovery with an at-the-market offering, followed by a reverse split, followed by a new ATM, in a continuous vicious circle.

Thanks for your attention and support.