RE:RE:RE:RE:Smoothwater newser appears to confirm AOS's position Schocor: We disagree on several points. According to the AOS's Sept 8 NR and Smoothwater's NR issued yesterday, TSX will accept the court's decision on whether an AOS vote is required, and in fact is probably bound by it, as a quasi-judicial regulatory agency has no jurisdiction to overturn a court order. The Agreement sets Nov 30 as the latest possible Effective Date, on which all AOS (New Marquee) shares will be issued and the AOS (New Marquee) BOD will be in place, composed as prescribed in the Agreement. It could occur after the the AOS Nov 15 AGM, but I wouldn't bet on it.
If the AOS AGM is held prior to the Effective Date, it is yet to be determined whether Smoothwater's BOD slate will even be considered. As I understand it, AOS's position, based on technical breaches, is that it won't. Smoothwater disputes that. It too may be subject to court action. We'll see.
Regardless, even if Smoothwater manages to oust the current BOD, any successor BOD will be bound by legal contracts entered into by the previous BOD.
By the way, safe to say that anyone who has read the Agreement knows how a break fee could become payable and by and to whom.
Anyway, fun debating with you. We'll know soon enough.