OAK 0.00% 6.2¢ oakridge international limited

Ann: Xped Completes Porting to Chipset Manufacturers, page-287

  1. 3,914 Posts.
    Given Telink are JV they have to be more transparent than those other 2 whereas these other 2 "major" chips manufacturer are less transparent.

    XPE highly possibly had to sign non-disclosure agreement (i.e. and not know any of the progress status so even XPE didn't know when the porting was going to be completed) whereas Telink have to update XPE on the porting status so as indicated in today's announcement, XPE are aware of the porting completion timeframe from Telink.

    But if you are right in your assumption, it seems the share holders can still block the CR to some extent.

    "The convertible notes will be unsecured, except by the issue of 20,000,000 collateral shares (which the Company will only be obliged to issue if the Company’s share price falls below 1.6c per share)"

    "All of the securities in conjunction with the convertible notes will be offered pursuant to a prospectus to be lodged by the Company within 30 days. The issue of all of the securities in conjunction with the convertible notes (other than in respect of convertible notes with a face value of $2,000,000) is subject to shareholder approval which will be sought at an upcoming Extraordinary General Meeting."
 
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