Where Things Stand Now1) Legacy's press release dated April 23, 2015 stated "...Legacy and FrontFour have... agreed to a mutual standstill on proxy solicitation activities until May 25, 2015". Since this period has now expired, FrontFour could start a proxy fight at any time if they are not satisfied with negotiations to date. 2) The AGM is slated for June 30, 2015 - hard to see Trent Yanko and some/most board members remaining in place given that the Board allegedly backstopped a loan for Mr. Yanko when he and his wife faced a margin call for a sizable holding of shares in the company (would the Board do that for any other shareholder....?). 3) Hard to see them delaying the AGM date again - so in the next few days, I think the most likely outcome is either a sale of the entire company or capitulation of the existing Board and Mr. Yanko to most of FrontFour's demands.