📚 Previous episodes: Day 68 — Fruit of the Poisonous Tree · Day 67 — Where We Stand · Day 52 — The Thief Cries Thieves
🏛️ Nasdaq Copenhagen: SHAPE · CVR DK38322656 · ISIN DK0061273125
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Today I Did Something I Have Avoided Since 2017. Shape Robotics Romania Has Entered Reconstruction Proceedings. The Battlefield Has Just Doubled In Size.
🔴 GAME OVER — Day 69: Romania Enters the Battlefield
This Company Announcement is published pursuant to the Nasdaq Copenhagen Rulebook, Section 3.1, and concerns developments in appeal case B-281-26 before Østre Landsret, 4. afdeling, and parallel cross-border proceedings in Romania under Brussels Ibis Regulation (EU) 1215/2012.
The full GAME OVER investigation (69 episodes) is available at substack.wildceo.live.
Some good news. Some sad news. And a 1v1 that someone refused.
⚡ TL;DR
> Today I filed for reconstruction proceedings for Shape Robotics Romania SRL. This was a personal decision. It was painful. It was also necessary.
This is reconstruction, not bankruptcy. Under Romanian Law 85/2014, reorganizare is the priority procedure. The court approved opening. From Monday, Shape Romania operates under a court-appointed special administrator, with me remaining as company director. We have 14 days to file the reconstruction plan.
Why this matters for the Danish appeal: Romanian reconstruction = an actively producing, legally protected operational entity in an EU jurisdiction that recognizes the parent’s restructuring rights. Brussels Ibis Regulation 1215/2012 creates automatic recognition of Romanian civil and commercial enforcement orders in Denmark. Teis cannot block Romanian proceedings from Copenhagen.
Also today I officially filed the documents with Bailiff (executor judecătoresc) for Brussels Ibis enforcement of the promissory note that the Maritime Court found “lacked sufficient clarity” on 11 May. Next week, that same claim arrives at the Eastern High Court with an EU enforcement order attached.
The 1v1 challenge to Nordnet troll “Progression”: Refused. He prefers flooding the zone over face-to-face dialogue.
The deeper point: Teis is fighting on one battlefield — Maritime Court Copenhagen. I am now fighting on three: Eastern High Court Copenhagen · Romanian commercial court · Brussels Ibis enforcement. Teis defends in Danish. We attack in three languages.
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📢 The Sad News — Shape Robotics Romania Enters Reconstruction
I want to say this clearly, because I need to say it to myself as much as to you.
Today, 15 May 2026, I filed for reconstruction proceedings for Shape Robotics Romania SRL at the competent Romanian commercial court. The proceedings were opened. From Monday, Shape Robotics Romania is under court-supervised reconstruction (reorganizare judiciară) under Law 85/2014.
This is the company I built from zero starting in 2017. The flagship deployment of Romanian educational robotics. Tens of thousands of students across Romanian schools benefited from our Fable and STEAM platforms. The PNRR contracts — over EUR 120 million in pipeline value — were going to be executed through this entity.
I did not want this. I have to be honest about that. This was not a strategic move from a position of strength. This was a forced response to the damage that Teis Gullitz-Wormslev’s 59-day unlawful trusteeship caused to the operational continuity of the entire Shape Robotics group.
> It’s sad for me personally because it’s my work, my family’s work that has been part of this journey. Hundreds of thousands of students are not benefiting from the solutions that we have promoted in the country — the robots.
— Live recording, 15 May 2026
What reconstruction means under Romanian law
Reconstruction in Romania is not the same as bankruptcy. Romanian Law 85/2014 places reorganization (reorganizare) as the default and priority procedure. Bankruptcy (faliment) is reserved for cases where reorganization is demonstrably impossible.
📊 Reconstruction phases:
- 🟢 Opening — Approved today, 15 May 2026. Effective Monday.
👨⚖️ Special administrator appointed — Court-supervised, working with existing management. This week.
📄 Reconstruction plan due — 14 days from opening.
🗳️ Creditor vote — Under judicial supervision, following 30 days.
🚀 Plan execution — Operations continue under protection, up to 3 years.
This means:
- I remain in operational charge as company director, working alongside the court-appointed special administrator.
Operations continue. Customers continue to be served. PNRR projects continue to progress. Employees continue at their posts.
Creditors are protected. No individual creditor can force liquidation. The reconstruction plan must be approved by creditor majority and ratified by the court.
The reasons for insolvency must be investigated. Romanian law requires the special administrator to determine who caused the insolvency. The answer is documented: the 59 days of unlawful Danish trusteeship.
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✅ The Good News — This Helps Everything
I want to be direct here. The Romanian reconstruction is sad for me personally, but it is transformative for the legal case.
1️⃣ We capture an EU-recognized operational entity
Shape Romania, under court-supervised reconstruction, is a fully recognized EU commercial entity in active operation. Under EU corporate law, this entity has legal personality, contractual capacity, and the right to pursue claims against third parties — including Danish-domiciled parties.
Under Regulation (EU) 1215/2012 (Brussels Ibis), civil and commercial decisions in any EU member state — including Romanian commercial court decisions — are automatically recognized and enforceable in any other member state, including Denmark. No exequatur required (Article 39).
This is the key. Denmark has opted out of EU Regulation 2015/848 on insolvency proceedings, so Romanian insolvency decisions don’t automatically apply to Danish entities. But Brussels Ibis covers civil and commercial claims — and Brussels Ibis applies to Denmark.
2️⃣ The promissory note now has EU enforcement teeth
Remember the 11 May 2026 Maritime Court hearing? The reconstruction petition was rejected because, in the words of the judge, the Romanian promissory note “lacked sufficient clarity.”
Today, I filed the documents with the Romanian bailiff (executor judecătoresc) to obtain a Brussels Ibis Article 53 certificate — the official EU enforcement form that converts the Romanian court’s validation of the promissory note into a directly enforceable order in Denmark.
> 🔥 PROOF. A Brussels Ibis Article 53 certificate, attached to a Danish appeal pleading, is not “insufficient clarity.” It is an EU enforcement order. The Eastern High Court cannot dismiss it on subjective grounds.
When this lands at Østre Landsret next week, the reconstruction appeal acquires a documentary weapon the Maritime Court did not see. The promissory note’s enforceability is no longer a matter of Danish judicial discretion. It is an EU certified instrument.
3️⃣ The investigation now happens in two jurisdictions
In Denmark, under the bankruptcy proceedings of 11 May, the kurator must investigate who caused Shape Robotics A/S to become bankrupt. The kurator is Teis Gullitz-Wormslev. Teis verifying Teis.
In Romania, under the reconstruction proceedings opened today, the special administrator must investigate who caused Shape Robotics Romania SRL to require reconstruction. The special administrator is not Teis Gullitz-Wormslev. He is a court-appointed Romanian insolvency professional with no ties to Kromann Reumert, no protection under Danish bankruptcy law, and a statutory duty to identify and pursue claims against responsible parties.
The Romanian special administrator will find, in approximately 14 days, that the cause of Shape Romania’s distress is documented:
1. The 6 January 2026 unlawful bankruptcy of the Danish parent.
The 59 days of Teis’s trusteeship — zero MAR disclosures, Sanako Oy destruction, EGM cancellation, IRIS deal foreclosed.
The cascade of operational consequences for Shape Romania, including blocked banking, frozen contracts, and lost confidence.
The Romanian special administrator has the legal authority to pursue civil claims for this damage. Against Teis personally. Across borders. Through Brussels Ibis.
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⚔️ The Three-Front Strategy
Let me make this picture as clear as possible.
🌍 Front 1 — Østre Landsret B-281-26: Appeal on appointment of Teis as liquidator, dissolution, new bankruptcy. Ruling expected 18–25 May. Controlled by Eastern High Court, 4th Division.
🇦 Front 2 — Romanian reconstruction: Shape Romania under judicial reorganizare. 14-day plan filing. Special administrator investigates causes. Controlled by Romanian commercial court / special administrator.
🇪🇺 Front 3 — Brussels Ibis enforcement: Promissory note converted to EU enforcement order. Next week arrives at Østre Landsret as Bilag. EU regulation, automatic recognition.
Each front operates independently. Each front has its own timeline, its own remedies, its own counterparties. Teis cannot fight all three simultaneously with the resources he has at Kromann Reumert. He cannot block Romanian proceedings from Copenhagen. He cannot challenge Brussels Ibis recognition in Denmark — it is automatic under Article 36 of the Regulation.
What Teis can do is what he has been doing: bill the Danish bankruptcy estate for the cost of defending himself in Copenhagen. Every hour he spends, the creditors lose money. The damage compounds. This is asymmetric warfare with EU legal infrastructure as the asymmetry.
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🥊 The 1v1 — Progression Refused
Yesterday, after Day 68 went live with the two DFSA emails, I went back to Nordnet and saw that the troll account “Progression” was still active. So I made him an offer that no honest critic could refuse.
> Direct 1v1. Me versus Progression. Live. On camera. With identity disclosed. Public Q&A. Show me you got the cojones, bro.
His response: he wrote about my integrity, accused me of paradoxical statements about MAR, and tagged some of my supporters (Peter, Jørgen, Karsten) with questions designed to bog them down in side discussions. He did not accept the 1v1.
Let me restate the offer publicly: I will go live, on camera, with full identity disclosed, in a 1-on-1 dialogue with any person who has substantively challenged Shape Robotics’ position publicly. Username Progression. Username Regression. Username whoever you really are. I will give you 30 minutes of my time. I will answer every factual question you have. I will defend every legal position I have taken on this Substack. I will let you press me as hard as you want.
You don’t accept. Why? Because in a live, face-to-face dialogue, the documents — the DFSA emails, the High Court ruling, the Tivi.fi/Sanako reporting, the Cision 06-26 EGM resolution, the Børsen email of 21 April, the Konkurslov §110 chain — cannot be deflected by flooding the zone with 100 short comments. They must be addressed directly. And you cannot address them directly without conceding.
The offer remains open. The link to wildceo.live is in the previous episode.
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📖 Reading For the Weekend — The Forever War
If you want to understand the mental model I am operating with about the Danish system, read Joe Haldeman’s The Forever War (1974). Read its companion Forever Peace (1997). Haldeman wrote a science fiction novel that captured, with eerie precision, the trajectory of societies that over-optimize for predictability and protection at the cost of innovation and chaos.
What I have come to understand — having spent the last 67 days inside the Danish legal-administrative apparatus — is that Denmark has built a system that is excellent for being an employee. It is stable, predictable, fair to those who play within its rules. But it is also numb. When a publicly listed company is bankrupted in 10 minutes through a procedure designed for coffee shops, the system does not see the problem. The procedure was followed. Procedure equals justice. End of inquiry.
This is the failure of the system. Not a failure of any individual. Not corruption. Not malice. Numbness.
> People are just numb. They do not want to fight. They do not want to really speak up. A little bit of spiciness, a little bit of Latin blood, a little bit of fighting spirit is required — because the society has frozen somewhere.
— Live recording, 15 May 2026
I am not Danish. I came to this country in 2017 to build a company. I have no obligation to be numb. I have every obligation, as the founder of a Nasdaq-listed company that 4,800 shareholders trusted with their savings, to refuse to be numb.
That is why I am fighting on three fronts. That is why I am writing this Substack daily. That is why I am here, every evening at 17:00 Romania time, to take questions, to update the community, to refuse silence.
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🏆 Scoreboard — Where We Stand Today
- ✅ First appeal K 3337/25-F — WON. 3 judges, 0 dissent, 5 March 2026.
✅ DFSA Topholm complaint 25-026420 — WON. Carnegie reprimanded.
📝 DFSA MAR confirmations 24–27 April — DOCUMENTED IN WRITING.
🔍 MAR Article 17 supervisory file 26-005434 — OPEN / ACTIVE.
👮 Police complaint 0100-83986-10362-26 — OPEN.
⚖️ Bar Council case 2026-1127 — OPEN.
📄 Forced dissolution ruling of 17 April — APPEAL FILED 13 MAY.
📄 New bankruptcy ruling of 11 May — APPEAL FILED 13 MAY.
💥 Ground D institutional bypass — THE KILLER ARGUMENT.
🇦 Shape Romania reconstruction — OPENED TODAY 15 MAY.
🇪🇺 Brussels Ibis enforcement — FILED WITH BAILIFF TODAY.
🥊 1v1 with Progression troll — REFUSED. DEFAULT WIN.
📅 What’s Next — Timeline
- 🔴 15 May 2026 (today) — Shape Romania reconstruction opened. Bailiff documents filed for Brussels Ibis.
📆 Monday 18 May — Special administrator takes over alongside management.
⚖️ 18–25 May 2026 — Eastern High Court ruling expected on B-281-26 appeal.
📜 22 May 2026 — Brussels Ibis Article 53 certificate expected from Romanian bailiff.
🏛️ Week of 25 May — Brussels Ibis certificate filed at Østre Landsret as supplementary evidence.
📑 End of May — Romanian reconstruction plan filed (14-day deadline from opening).
🗳️ June — Creditor vote on Romanian reconstruction plan.
🔭 3–4 weeks — Full clarity on multi-front strategy timeline.
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🧠 Why I Did This Today
I want to address something head-on, because some of you have asked it privately. Why open Romanian reconstruction now, when we are about to win the Danish appeal?
The answer is honest and pragmatic. The Danish appeal will be decided by the Eastern High Court within days — but the result is not the only thing that matters. Even if we win, Shape Robotics A/S returns to a state where 700 employees, 4,800 shareholders, and 152 million euros in pipeline value need to be reorganized in operational reality.
Romania is where the largest operational reality lives. The PNRR contracts. The deployed customer base. The product-market fit demonstrated in tens of thousands of classrooms. If we win the Danish appeal, the Romanian reconstruction gives the recovered Phase Education A/S an immediately operational EU vehicle to deploy from. It is the asset platform for the next chapter.
If, in some catastrophic scenario, we lose the Danish appeal, the Romanian reconstruction is the lifeboat. The operating company survives. The product survives. The customer relationships survive. The employees keep their jobs. The IP stays under our control.
Either way, today’s filing is insurance. Or, if you prefer, it is offense disguised as insurance.
> For the shareholders, for the investors, it’s for sure good news. For Teis, it’s the beginning of the end. It’s the end of his career. He chose to do this. He will pay for it. It’s just a matter of time.
— Live recording, 15 May 2026
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🔚 Closing
> I’m not crazy. I guarantee you I’m not crazy.
I’m just coming from another world — from another place where things have meaning and where people think a lot about the rule sets and try to understand what is good and what is bad for their collective.
It is sad for me personally because it’s my work, my family’s work that has been part of this journey.
For Teis, it’s the beginning of the end.
We have already won. It’s just a matter of time.
Q.E.D. ✌️
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Mark-Robert Abraham
Founder · Former CEO · Shareholder — Shape Robotics A/S (now Phase Education A/S)
Director — Shape Robotics Romania SRL (in reconstruction)
CVR 38322656 · ISIN DK0061273125 · Nasdaq Copenhagen: SHAPE (suspended)
Voluntari, Ilfov, Romania — 15 May 2026
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📖 Reading recommendation for the weekend: Joe Haldeman — The Forever War (1974) and Forever Peace (1997). Science fiction about a society that loses the ability to fight for what matters. A useful lens through which to view modern Denmark.
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#GameOver #ShapeRobotics #PhaseEducation #WildCEO #NasdaqCopenhagen #Romania #Reconstruction #BrusselsIbis #EU1215_2012 #B281_2026 #KromannReumert #TeisGullitzWormslev #ThreeFronts #4800Shareholders #ForeverWar
