peter landau, speaks with proactive investors , page-14

Anyone surprised by the silence from the company???

As announced in interim report released through ASX announcements on 17th March. (their most recent update)
"The balance of $13m is to be received upon the satisfaction of the required conditions precedent, which is expected to be on or before 31 March 2014"
Then re-iterated in interview by a director in the last few days.
In the past announcements have stated a date and then said unless agreed by both parties to extend. No such agreement to extend has ben reached as far as shareholders are aware. An alarmist could say the deal is therefore off.

It is just embarrassing, there is no excuse for PLs lack of respect to shareholders. Factors beyond his control are not an excuse for not updating the market. It required an update, in the very least to say that both companies have agreed to extend etc. As it stands, without such an agreement by both parties to extend, it is probably legally an option for Z to just walk, maybe even to demand cash back. Eg NKP did not hold up their side of the deal.
The useless fleckers. Two paragraphs, in an email sent to ASX. 15 minutes work, max