On November 6, 2024, Melrose Ventures Group announced that it is expressing deep concern regarding the recent press release from Hank Payments Corp's management, which stated it would not respond further to inquiries from Melrose Ventures. Melrose Ventures stated that this decision reflects a troubling pattern of evasiveness and lack of transparency that has persisted over the last seven years. Melrose Ventures added that despite numerous attempts to engage with management, including a recent request for a shareholder meeting on October 21, 2024, the Company's leadership has consistently failed to acknowledge calls for dialogue.

This includes attempts to block shareholders from attending meetings and addressing critical issues that could significantly impact the Company's future. Melrose Ventures raised an issue that there is a pressing need to replace the current management team with individuals who have a proven record of building and growing the Company. The original founders, who successfully established a customer base of 42,000, are better positioned to lead the Company toward profitability.

Melrose Ventures also urges the Company's management to reconsider their approach and engage constructively with shareholders. Transparency and accountability are essential for restoring confidence and ensuring the long-term success of the Company.