desperate last move

Firstly, I'm an AVX holder. The Cytopia EGM proposal looks quite desperate to me. Wouldn't you think that if they had anywhere near the sort of support needed to get their ideas through at an EGM that they wouldn't need 15 different signatories in order to cobble together the 5% needed to call the meeting in the first place? Seems this is all about Cytopia running out of cash fast and having a last desperate roll of the dice by hooking up with some disgruntled PGL folk who have already been rolled at the first EGM. The proposal had no details about anything.

How embarrassingly inept to say they'll give back as much as they can but need to keep a certain amount to make sure the company remains viable - but to give absolutely no indication of what that amount is. Nor to give any indication as to how they think they would handle the issues raised in the recent announcement where the potential financial black holes relating to government grants and existing contracts were detailed. How much will that take out of the kitty Cytopia? Too many unanswered questions to carry much weight.