the way forward

well this is there lowpoint .... suspended and ksx firing along to new highs ....

MVH resumes at 11pm .... although all old bids were wiped and we start with clean slate ... maybe our recent one post friend is hoping to pick some up cheap from disgruntled holders. dont sell! MVH is going forward, but you have to say new mangement appears to have been played off a break by the peregrine crew who are lapping up freebies over at KSX and pushing the (admittedly good) technology to new heights.

So what now.....

I think MVH should think outside the square a bit now and do what should have been done with ksx holding all along .... KSX management wants a nice big major shareholder in there not selling; I think MVH should instead have an inspeccie distribution to MVH shareholders of the KSX shares.

With final payment of KSX to MVH they'll have 20million ksx; these should be distributed to MVH holders on a 1 for 5 basis ..... would be one way of getting those long dated 2012 (and almost useless to MVH) options cash in the door ahead of time and give some working capital for our new business plan and training centres.

Those options were only issued to give the insiders and mates (who are now all over having a party at KSX) a free kick; any of them still holding (and i doubt it) can suck it and pay up if they want the distribution. They bled PBI dry for four years and now its time to start playing the game in a way that benfits them.

MVH will move forward from here, they are learning a few lessons on the job, but Frank C is no mug ... He bought $100k of shares at .30 with is own cash .... and 1m shares before that in mid-20s. good enough for me ... HOrley has his nuts on the line in MVH for years .... good enough for me ..... the old management bought nothing sharewise or to the table. so im backing them with time to rid themselves of the stench.