I reread the latest Ann. It clearly says that directors have decided to complete the deal based on 94% agreement.
The delay is due to document only (probably some legal formalities that takes time)
Extract from April 28 announcement :
"The Company
announced that a binding Share Sale Agreement had been executed with 94% of
gridComm’s shareholders and that the Board of Directors had resolved to move to
completion on this basis. The Company continues to work on the necessary re-
compliance documentation required to complete this transaction"
ODN Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held