Ann: Appointment and Resignation of Members to the Board, page-3

You wouldnt understand the lingo not being an Aussie. Taking some great lines from the movie The Castle "Tell em youre dreaming" and "Its the Vibe"
Its very Simple Pay up the default money or merge. Even if the judge rules not to proceed with a merger coz he somehow deemed the merger unfair and unureasonable to core shareholders even though core shareholders will get around 45% premium to tradeable levels and against the votes of the majority of shareholders from both companies.
There is still a binding agreement to pay a default payment if it doesnt proceed. Titan has spent a lot of money buying shares in core gold to show good faith at a substantial premium around 4X current trading levels to keep them a float and should be reimbursed at a minimum. That is why titan will not let the default money be waived, it is not in the best interest of their share holders of titan. Surely even a biased Canadian juditial system must agree on this