belombre i posted an email response to your post from my buddy close to mcl here it is for thsoe following here on hotcopper. he says that it has already been done as far as the aquisition and there iwll be NO share placement. anyway here is his reply
"Just tell them not to invest it’s too risky!
Whoever wrote this ($%#$#$% accountant) is trying to analyse what M2M is doing with acquisitions based upon an assumption that the businesses should be evaluated as other ones which have been trading for some time. The issue here is that it is almost impossible to get into Asian markets unless you have been established some time. VoIP in fact is illegal in many Asian countries BUT M2M through its acquisitions and local presence, and years of lobbying has been positioning itself to be the first and reap substantial benefits in Telecom in Asia, something many other companies (including the big ones) have been unable to do.
No share placement required. The one mentioned in the ann has already been done. I in fact invested in that share placement.
However, I think I have always said that this is a speculative investment, no guarantees and don’t put in what you cannot afford to lose. If you want out you can always seel now and reap triple profits. Hey, but don’t listen to me. What would I know? If I had done the same analysis as whomever provided the detail you emailed me on a particular company I may not have invested. In fact, I invested heavily in a stock which was $0.008 per share some 8 years ago and was told by similar people that nothing was ever going to happen with the company. It was a basket case. Well the shares peaked at $10.60 and I held 15 million. The rest is history.
MCL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
