I understand exactly what the company said. However it should be...

I understand exactly what the company said. However it should be obvious to everyone including you that the required 5% shares is met by the Vitrinite related parties. We know they received 20 million shares in consideration for the sale of their assets to Medusa and we also know that the majority where held in escrow for 24 months.

In the other thread I quoted an email from Arbiter explaining that they felt their application could be defended in court it didn’t make sense to do so as it would cause more delay and only benefit the lawyers. Much better for everyone to withdraw the application and submit a new one without spending shareholders cash on lawyers.

Indeed the company has announced that they have been informed again that Vitrinite intend to convene a 249F meeting.

The court challenge is a disappointing delaying tactic by the company.