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Wednesday, February 01, 2012 11:46:03 AM
If it were denied, it would have been voted down by shareholders before it was even filed. They cannot even file the amendment without being approved by majority of shareholders.
Delaware law requires 40 calendar-day notice before corporate events like this to take effect. The 8-K was filed on DEC 22, so that is 40 days from JAN 31 - so that should be OK.
With so many possibilities we don't know:
1) Other company never signed, even yet.
2) David Fann's speaking schedule got moved, so wait for announcement is moved, also.
3) A new deal could be in the works
And so many others.
Rats, still the waiting game - and not very fun at that.
All The Best
Be careful, most people get burned by penny
stocks.
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