BNE seminar, page-35

Just wanted to add something i remembered from last nights seminar. The 2nd MOU is will be with a licensee whos many authorised representatives have already demanded to sign up with IAM at the authorised repesentative level, but IAM are not interested at signing up authorised representatives at this stage, they are only looking to sign license holders, which will bring the authorised representatives with them. That is why there is a 13th month waiting list for authorised representatives. IAM is taking the time to adhere to the 19 steps a licensee requires to get all there authorised representatives signed up rather than accept authorised representatives on an individual basis. This shows great confidence in the product and is why the 2nd MOU will rerate the stock. Hopefully all in time for the december board meeting.