Ann: Acquisition, Convertible Note and Board Chan, page-7

re: Ann: Acquisition, Convertible Note and Bo... Agent,

Have you heard what is going on in MOT.

Seems amazing that shareholders are left sitting around in nowhere mans land once again.

You are correct in the fact that

1. Board must go
2. A real Vend in opportunity must be introduced
3. Financing for the vend in to be arranged by the new management team
4 The vend in has to be on the basis of at least $1m EBITDA/Sales
5. The management proposing the vend in must SELL the idea to ALL shareholders.

A business plan (if any)should be circulated to ALL shareholders for their perusal along with detailed information on the project.

As usual we as shareholders are just there to make up the numbers and let management go from disaster to disaster.

Paying $3m for a project that may or may not exist and is currectly a 1 share company with that shareholder being joint Director/Secretary borders on I don't know what. Plenty more projects out there producing income and profits at far less cost than PPS.

IMO DYOR