It is simple, I posted "they do not have the votes to r/s " as that is the first assumption. The truth is NK has the votes to r/s, but if he uses them it will look forced.
Ether they know that Q1 was great and want to see how high the stock can go, or there is a better offer on the table.
"Giving shareholders more time" is BS as they did not change the own by date. Meaning you could sell PEIX and a month later vote.