Imminence Truly Inevitable, page-70

Pretty sure it's a breach of directors duties to release misleading announcements to the market.

"The detailed license agreement must be negotiated by the parties within the next 90 days " is a substantially different statement to "90 is simply a number".

Investors need to be confident and informed when they invest in the market and directors have an obligation to make sure that the statements that they make are accurate and that investors can rely on them.