no secret passages. The exchange most certainly can be the cause of delay. The process could be moving forward without and Agreement in Principle in place, and as such no PR...
The Exchange will review the initial submission, and, provided that the deficiencies are not of a substantial nature, where shareholder approval is required, the CPC will be permitted to set a meeting date to approve the proposed Qualifying Transaction. Where a Qualifying Transaction has not been sponsored, the Exchange will require additional time to review the initial submission and confirm that appropriate due diligence measures have been undertaken by the CPC and its advisors.
12.4 Pre-Meeting/Pre-Closing Documentation
When a CPC has cleared all comments raised by the Exchange in connection with the initial submission, the CPC will be required to file the following documents with the Exchange: