RE:Special Meeting delayed to June 24
copperplay wrote: So maybe there is something going on and they are trying to avoid any reverse merger and roll back
Why a corporation would apply for this exemption
A corporation may consider applying for this exemption when it would be detrimental to a corporation to call an annual meeting of members within the prescribed time frames. This detriment can relate to one financial year or multiple financial years. The Director evaluates the detriment on a case-by-case basis.
"For example, it could be impractical for a corporation that is about to go through an internal reorganization to call the annual meeting of members within the prescribed time frames before the reorganization is complete."