RE:RE:Stock still halted because why?I was mistakenly under the impression that the Franworks royalty agreement was finalized and that all they needed was shareholder aproval. In the July 8 press release BCI (Benev) stated
"BCI confirms that the three new nominees of DCF did not participate in the review and
approval of the proposed FranWorks royalty acquisition, as they did not join the BCI Board
until after the end of the shareholders’ meeting. The news release, and the transaction, were
finalized before that time. .....The FranWorks transaction, which was consistent with BCI’s previously announced strategy, was subject to a signing deadline imposed by the counterparty, which was at arm’s length to BCI, and would likely have been lost if not signed by June 30, 2014. If the FranWorks transaction were to have been lost, there is no assurance that a
better one would materialize, and all of the substantial costs associated with the
proposed transaction would have been wasted..."
A couple days after that press release (July 10?) they set the "record" and "meeting" dates and released the "management information circular". Seemed pretty cut and dry to me. Now I guess those meeting dates are changing as BCI "continues to take active steps toward completing its previously announced proposed transaction with Franworks". But I'm sure everyone else is pretty clear on what is going on and that I am the only one wearing a dunce cap thinking " WTF ".