RE:Malaco Take over at most 35 Days awayGazoo.
Thats because the standstill agreement between Goldmet and Monument expired....see context below for 2014 when Goldmet refused to vote as directed for Monument .
Eventually an agreement was made where they did vote.
Wonder how much of our cash was dispersed on both occasions , first to get Goldmet to sign the Standstill and secondly to get Goldmet to honour it
Xxxxxxxx
In its notice of civil claim, Monument alleges that GoldMet and Mr. Molyviatis are in breach of the terms of the February 17, 2013 agreement (the “Settlement”) under which GoldMet and Mr. Molyviatis agreed to support Monument, its management and its current Board of directors on all matters during the currency of that agreement.
The Settlement also requires GoldMet and Mr. Molyviatis to facilitate the voting of their shares in favour of Monument’s director nominees and to not solicit proxies or attempt to influence the conduct of shareholders.