In a filing on August 28, Axington’s board says that it requires “more time” to conduct an internal assessment of the circumstances and the strategic plans of the company in light of recent developments in the media.
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The EGM that was supposed to herald the Barack Obama-inspired new strategic direction of NETX, to “embark on the next industrial revolution”, did not happen yesterday, August 27, as scheduled.
For now, the listed entity has to be stuck with its five-month-old name Axington Inc.
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