Ann: Notice to set Arena Investors statutory demand aside, page-5

Leaving aside the merits of the legal case and where NXE is going to get the money to fund it, why did they not report to the market the following until now.

There is a genuine dispute about whether the amounts claimed by Arena are due and payable. In particular, the Company contends that it is not liable to repay principal nor any termination payment claimed by Arena, due to the fact that Arena breached an essential condition of the Unsecured Convertible Note Deed by failing to pay Tranche 2B to the Company, in the amount of $1.805m cash;

Does NXE really think the shareholders would think Arena not being willing to pay tranche 2B was not material? What else are they sitting on that they think is not material?