(a) John Kelly ("Kelly), a director of Republic, met personally...

(a) John Kelly ("Kelly), a director of Republic, met personally with Yang on February 26, 2008;

I don't think they just met for tea and scones!

I'd speculate they probally already have a verbal understanding but will hold off signing as they don't want to flood the market with annoucements right now. The court document states already that the reason for terminating an extension of the holding contract payments for lipichi was RAU persuading "Yang", so I don't see any other reason other than an agreement with RAU for not extending the deadline for Luzon. She was in reality recieving "rent before you buy" money from them, makes no sense to terminate that unless she has been offered an alternate revenue source.

They won't be able to hold off to long now that the releases from Luzon have let the cat out the bag.