the story so far, page-29

yes bleasby was thinking that it was to relieve WEG of any liable payments it may have had to make (again but if the JV never was??), so WEG is now an empty shell and the shell that was Timeone now has ~49million shares in it which Ms Chenxi Wang (she was'nt at the AGM in Nov 2012 it was her friends) needs to guard for her father..

so i'm hoping these guys are out of the way and a clear path to restructure the JV with another entity is taking place and also to create the $24million facility..

if the above is true, would they want to hang around? they will surely just be the no.1 shareholder and probably wouldnt participate in any cap raisings as well to maintain their 20%.. they will surely get booted from the Irvine solution down the road

do we really need an EGM to exchange their lot of shares? i'd love that to be part of the overall solution, geez when they said complex negotiations with numerous parties they weren't kidding!