Concerns These two sections concern me a bit. Seems Mr. Izatt is not totally on board. I wonder what voting percentage he controls.
Resignations: This announcement is preceded by the necessary resignation of Dr. Reed Izatt and Mr. Steve Izatt from Ucore’s Advisory Board due to Mr. Izatt’s stated divergence from the corporate objectives established over the past 4 years by the parties.
IBC Shareholder Support: Shareholders representing the majority of the outstanding shares of IBC were solicited by IBC to become a party to and sign the OTP Agreement as well as the Extension Agreement, indicating their support for the Purchase Transaction, with a sufficient percentage of the voting shares of IBC for Ucore to issue the NOC and pursue the completion of the transaction.