Monday, June 01, 2015 4:53:16 PM
If in fact some shareholders believed that the company would not have survived the transaction then why would they not wait to see if the company did as it was disclosed it was doing? Then if the company did not complete the transaction as agreed then FIRST send a demand letter to the company to complete the transaction as disclosed. If the company did not complete the transaction THEN shareholders can sue to force the company to complete the transaction.
INSTEAD shareholder sued the company to stop the transaction and then complain the company is behind on its filings!
THE COMPANY WOULD HAVE TO BE CAUGHT UP ON ITS FILINGS TO COMPLETE THE TRANSACTION.
Clearly that is what Mr. Irvine was doing -
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