Not sure it amounts to good news - meeting will proceed without Resolution 8 - that probably means they have the votes to keep the two new nominees off the Board as well as kick off Mr Houtas and appoint Usher.
And it just means that they will issue a new notice disclosure to approve the conversion of the invalid convertible notes.
Doesn't anyone care that the notes in question haven't actually been able to be issued because the shareholder approval to issue them still hasn't been obtained (per March announcement)?
Can't convert notes that don't exist!
TKF Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
