RE: RE: What,s Really Going On Here Quoting from the circular " Late proxies may be accepted or rejected by the Chairman of the Pace Meeting at his or her discretion and the Chairman of the Pace meeting is under no obligation to accept or reject any particular late proxy.The chairman of the Pace meeting may WAIVE OR EXTEND THE PROXY CUT-OFF WITHOUT NOTICE. " In other words he can accept all YES proxies and reject all NO proxies up to the time of the meeting lodged with him after the January 14th record date . This is why they adjourned for one month .