Let's put no sales, no cash, nxo worst ever, damjam#1 aside. We've covered it. How about something topical and timely ? How about the upcoming AGM? By the way, for any alarmists bent on raising havoc with hysterical FUD, there really isn't anything unusual or "special" about an AGM also being a "special" meeting or having a "special" agenda item. Here is a legal FACT to calm you.
"All business transacted at an annual meeting of shareholders is deemed to be special
business, except consideration of the financial statements, auditor’s report, election of directors, and re-appointment of the incumbent auditor (CBCA, s. 135(5))."
There are thousands of AGMs that only include the above legal minimum requirement. There are also many,many thousands that have something, anything else on the agenda. Common items like the renewal of a NCIB, an option plan or some other compensation issue.
In the case of nxo there are many items that may appear on the agenda as the company's current circumstances would make appropriate. We can wait and see. The notice will be mailed to you or posted on sedar soon enough. Or we can speculate. Most popular speculations so far include a share consolidation in conjunction with a financing. A reorganization by means of merger or some other business combination.
Other major business developments may be brought forth at the meeting and discussed but unless it REQUIRES a vote by shareholders, it's not a "special" agenda item.
Ask a lawyer that specializes in Canadian securities and corporations acts but to me that would mean things like new technologies, products, sales channels etc don't meet the criterion for an agenda item, though they would likely be part of the corporate presentation. And sorry damjam, that would also apply to declarations of bankruptcy or protection. Maybe part of the discussion, but not a "special" agenda item for the formal part of the meeting.