re: Ann: Acquisition, Convertible Note and Bo...
Lost for words..From an IT Tech development, to mining in Cyprus, to a services company ( THIS IS WHAT IT REALLY IS) no technology here, just an idea...this is a shell looking for a vend-in, without any real strategy or know-how. Now the issue of the options begins to make sense, dilute everybody, then vend in an idea and raise more funds, not enough to make a difference but enough pay salaries to those in comfort...Repeat....Repeat....Repeat...what a joke.
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 east $1m EBITDA /Sales 5. The Management proposing the vend in must SELL the idea to ALL shareholders,
WHat is the Business Plan? What is the Strategy moving forward?
MOT Price at posting:
0.2¢ Sentiment: None Disclosure: Held
