The extraordinary meeting is not only for the Locke deal but also to use the company's IP for security.
I doubt it is on the shelf. Maybe the delay is due to the fact that they may want to release some news first that may support the resolutions passing.
Then again, the funds will become instantly repayable at the start of September if shareholder approval is not obtained so maybe they need time to spend and/or commit the funds and then tell shareholders that the resolutions must pass because the comapny is in no position to return the funds.
Cynical I know, but after two emails and no response from management to some fair enquiries I can be no other way...
CFU Price at posting:
4.3¢ Sentiment: None Disclosure: Held
