mcl agm

her is an overview ofthe AGM.... from anohter site....

The ann out just yesterday pretty well covers everything without the talk in between.
The Mou was much discussed and without us knowing exactly what it is, and who it's with,they are pretty happy with the progress. They were pushed for time lines but couldn't really say due to the fact it's up to the other parties.Frustrating to say the least,but it sounds fairly big for our little mob.A number of times, the month of May came up, so i'm guessing they're hoping inside a couple of months.
They seem to have been doing a fair bit of cleaning up since Michael So left,and both Ian and Peter Saunders have been flogging themselves to death with the travelling,sorting the businesses out along the way.
The Vietnam situation sounds like the real deal now, and we don't have all these pie in the sky numbers of registered users that possibly maybe might come on board.Apparently,their sales and techno depts up there were in different areas so to speak,but they have a more self interested partner now who need to succeed as much as m2m does.
Peter Saunders doesn't seem to fussed about the hiccups...ie Baipin,AloVtc, as he doesn't seem like one who keeps dicking around with something that's not up to scratch.He's more of a communicator(to his shareholders) than Michael So, and seems happy to share what he can.
There are other things in the pipeline, whether or not the MOU thing eventuates, and Ian mentioned a US$600,000 contract was deferred for the time being while things are tight,that is tied up with their games platform.I'm pretty sure he was talking about a sale there,so i don't know why we don't hear about those possibles, when we hear about the other long shots.
In general, it felt that after the crappy news early in the year, they've found their feet quick smart, and are not letting that sort of stuff hinder them.Peter Saunders has lot's of energy,and keen to prove himself,and they all seemed a lot happier than the depressed lot i saw there late last year.That says a lot.
They couldn't give any forecasts,and i don't think that'd be real wise, but Vietnam sounds very promising.
Manfred Siebintritt was there, with his merciless questions keeping them on their toes.He represents 220 million m2m shares,and as he says, he gets inundated with questions from his clients re m2m,so i hope they are getting the message that we need to be informed more than they think...and with answers with clarity.
The investment bank Ian says, are primarily there to give advice on the MOU, so am not sure how that would be funded.
They were talking of needing to raise more dough soon, to pay their way. And also confident they'd be paying their way by the end of the year.