I am sitting tight, and I think it would be foolish to sell MEO...

I am sitting tight, and I think it would be foolish to sell MEO at this stage.

Things often change in the business world and perhaps MEO would be doing better if your stepfather was still on the board.

The issue isn't obtaining a signature. The issue is that they are still finalising the documentation.

This is from the announcement on 20 October 2009
'Meetings to secure the requisite approvals to execute binding agreements have now been scheduled. The parties
anticipate being in a position to execute binding agreements ahead of MEOs AGM to be held on 18th
November.'

Bear in mind that as a consequence of the delays, MEO had to perform a quickfire capital raising at 45c (which is why the share price is still depressed).