@raa wrote:Well to be fair, the EGM was this morning and the motion to extend the warrant's time period was passed, so the SEC did not have a lot of time to clarify the issue.
...unless they were well aware of what the directors of ERI were going to propose and should have made their stance clear when they heard.
ERI made that announcement to CSE on 06 January 2012.
Don't know whether they informed SEC about this. If they did, SEC had enough time to take a decision.
Also we don't know when the SEC informed ERI about their decision.