Ann: Appointment of Chairman, Company Secretary & Directors, page-39

"..As for cancelling the Notice of Meeting on January 4th I would suggest is completely out of order and may be a precursor to something that will not be in the best interests of shareholders. Professional/institutional investors will be extremely agitated by the action of this conjured up board and will no doubt be supportive of Carl and his team. .."

The directors are within their rights to cancel the meeting. Just as Carl was to schedule it initially.

Practically however, I 100% agree, this just extends the uncertainty and puts the majority of shareholders offside with the those trying to fight for their survival. The new 'committee' being 100% ring-ins with no experience in or material stake in the company.

As we saw with the votes cast prior quite literally 99% were in favour of the resolutions. There are a number of large holders who can easily requisition a meeting on their own terms, these meetings wont be able to be postponed.

So just wasting everyone's time really.