buy buy trinadad??

MHL Financal report.

Under the terms of the agreement the Company paid an amount of US$300,000 on 24 August 2010 to extend the period of exclusivity to the Company. *** Extended to what date???

Under the terms of the HOA, the Company will (in the event that it takes up its full 90% option interest) issue up to 2,000,000,000 shares and raise up to $90,000,000 with these proceeds being used to fund the acquisition and operational expenditure. ***Needing 0.045 a share.

The proposed transaction is subject to a number of conditions precedent including the approval of Monitor shareholders at an Extraordinary General Meeting, and raising sufficient capital to fund the acquisition and ongoing working capital commitments. ***Supposed to be September but did not tell us what year.

When is this alleged Extraordinary General Meeting?

While the Board is aware of its responsibilities with regard to Executive services agreements, the decision was made that in light of current negotiations for the acquisition of the Trinidad projects, new contracts should be deferred until completion of this transaction due to the significant change in business activity and possible change in directorships. ***So everything is on hold until the acquisition of Trinidad projects.

IMO pull the proverbial finger out and get on with the job. Set the date for the meeting...and get this company rolling again. If there is to be no purchase...get out of the deal and concentrate on the current projects.