PIB,The board needs to make the best decision for all the...

PIB,

The board needs to make the best decision for all the shareholders. Even though ZFX control the board, it still needs to act independently of ZFX because AGM is still publically listed. Board Governance is something that would be being watched by all minority holders, and if there was a delay, then the board would need to explain why and the time frame to fix and the decisions would need to stand up to ASIC auditing.

The directors would also be conscience that if there was a whiff of potential poor governance, their ability to gain other board seats would be greatly reduced, so again, it is in their best interests to maintain a good name in the Business Community. I know that some of the board are ZFX employees, but they would certainly want to keep their employment options open in the future, and governance black marks don't help.

Horse