In the 3rd of January market announcement it was stated "the...

In the 3rd of January market announcement it was stated "the Company expects to convene a general meeting in January 2024 to seek shareholder approval for the Proposed Transaction". The transaction being the sale of Paulsens East.

The above announcement also stated "in accordance with paragraph 4.7 of Guidance Note 12 (Significant Changes to Activities), Strike will be afforded a period of 6 months from the date of the Agreement (being 22 December 2023) to demonstrate to the ASX that it is compliant with Listing Rule 12.1".

The notice of meeting, released to market on the 5th of February, states the general meeting will occur on 06 March 2024. This announcement also states "in accordance with paragraph 4.7 of Guidance Note 12 (Significant Changes to Activities), Strike will be afforded a period of 6 months from the date of the Agreement (being 22 December 2023) to demonstrate to the ASX that it is compliant with Listing Rule 12.1".

Points to consider
1) Date of meeting: Our directors appear unable to do the simplest of things like advise when they expect to hold a meeting with any credibility. January to March is circa 2 months slippage.
2) Expiry of ASX's 6 month deadline: In both market announcement (03/01/2024 & 05/02/2024) the six month time period for our Directors to "to demonstrate to the ASX that it is compliant with Listing Rule 12.1" which "obliges a listed entity to satisfy ASX on an ongoing basis that the level of its operations is sufficient, and its financial condition adequate, to warrant its continued quotation of its securities." has not changed i.e. it is 6 months from 22 December 2023. The apparent approx. 2 month delay tactic in the meeting date may be to reduce the period the Directors have to demonstrate they are abiding by listing rule 12.1. If this is correct, I would not be surprised at all considering the Directors we have.

I'll be voting NO

The above is just me opining. Please do your own research.

I'll email the ASX and request an extension to the 6 month period.