Finally an announcement. Note litigation papers issued to MOT...

Finally an announcement. Note litigation papers issued to MOT directors on 11th October 2012. Why has no announcement been made before now??? Whilst the Board can say what they like, the Court will decide.

We get one thing right the date of the 249D. Now facts: the nominated additional directors include two completely independent directors with extensive financial and corporate experience who will receive no remuneration until MOT is profitable and then salaries will be profit based. The third has an intimate knowledge of MOT and has well established credentials in the MOT field and again no pay until profit. All shareholders will see complete profiles with the mail out package for the EGM and will make their own decisions.
Get it straight: the 249D is issued as a result of the current directors agreeing and supporting resolutions that will transfer ownership of the company to a select few when they convert their options @.001c. 295m shares at .001c plus their existing portfolios equals over 53% equity. Control of MOT for $300k How are we going to get any project into the company in that state of affairs.

How could we shareholders have any faith in directors who put their own selfish welfare and salaries above the company's well being.

REMEMBER VOTE NO TO THE RESOLUTIONS GIVING AWAY YOUR COMPANY.FORGET THE REST OF THE BLARNEY.


IMO PLEASE DYOR