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IkeEsq

06/16/22 2:54 PM

#487467 RE: meirluc #487459

They certainly could (and should) announce something before the ASM, they are just unlikely to announce anything at the ASM.

The most likely reason for delay is that they intend to seek authorization for more shares and doing so with the price at $0.60 is risky.

skitahoe

06/16/22 3:57 PM

#487486 RE: meirluc #487459

Meirluc,

I also believe that the company would like near full support from shareholders in authorizing additional shares. If they held the Annual Meeting without further information coming out, and at these miniscule share price I believe some shareholders would openly try to defeat the issue until more information was forthcoming.

Gary