Given that in the second most important governance document of...

Given that in the second most important governance document of the year, being the Half Year report, TAU advised the following:
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"At the date of this report, the directors are finalising an amended Notice of Meeting for an EGM to be held in March 2017 to consider the QR demerger, the Cashwerkz acquisition and other related matters.",
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the question now arises as to what has gone wrong?

In signing off to the H17 report on 28/2/17, Hackett would have known whether or not his statement concerning the AGM being held in March was a reasonable, responsible sort of statement to make from a continuous disclosure perspective. That being the case, then the corresponding NOM should have issued by no later than 9 March 2017 in order for the EGM to have been held within the disclosed time frame of "March 2017".

This however has not occurred. Equally, it is now not possible for the EGM to be held in April. So, it seems that May or later is the earliest that this can now occur.

As such, either the H17 statements were misleading and /or reckless, or alternatively, the entire transformational adventure that TAU and its board were originally looking at (since at least October 2016) has gone off the rails and quite likely, horribly wrong.

For a company which generated revenue of $476,000 in H17 (a very big proportion of this being from its 11% minority owned, but executive and board controlled AHF --> >$600,000 by a combination of disclosure and distributed analysis), so therefore a first half operational loss of $377,000 on continuing operations or $667,000 on total operations (after factoring for discontinued operations), they can't afford to keep dragging their heels. Then again, they also can't afford to let go of AHF even though a second strike against the board and executive beckons quite soon.

It looks like then that whatever transformational activities have been planned for with TAU either in control or at the helm have effectively been stillborn. Such seems to be the lack of ability to even execute the business activities in question judging by all the time that it has taken (in TAU and in AHF), as well as the inability to resume an EGM that has been adjourned since 21/12/16 - almost 4 months ago.