I honestly don’t see why the ongoing litigation would be a reason to delay the ASM. The litigation could go on for quite a while. Also, most public companies are in litigation for one thing or another all the time. It doesn’t prevent them from holding an annual meeting.
Maybe I’m guilty of wishful thinking but I still can’t think of a better explanation for the delay. However, since I’m not a securities lawyer and I’m not familiar with the rules for public companies incorporated in Nevada, I admit I could be missing important information.
If there is a securities lawyer reading this board, it sure would be interesting to get your a professional opinion.