agm

There were 10 attendances plus an auditor.

Again there was frustration and disbelief among the board members with the length of time taken for the wrapping up of the China Mobile Deal.
Dr Geoff Raby took the Head of CM out to lunch recently and he said that he'd look into it.

They confirmed that we are no longer limited to the original market of Shanxi Province and that when the deal is signed it will be all of China Mobile.

Mylife Launch is very advanced and is "happening within weeks"
The significance of the deal with Unionpay is that it has the advantage for being the only bank who can target the rarer card owners, and to get from them so called "micropayments" (presumably akin to $0.xx amounts we are familiar with). SMA will focus on keeping the price of Apps low to increase the takeup. Card ownership is generally rare in China at the moment but improving.

The board were very reluctant to forecast revenues as "China is full of surprises" Growth estimates would be achievable once they have some market history.

SMA is contacting manufacturers about pre-loading the software.
SMA is targeting the Android based handsets as iPhones are not as popular.

Why did VODOne choose SMA? Although already having an established hold on the Chinese App market, uses SMA to broaden the market as SMA claim to have further market reach.
SMA does have competition with other phone platforms on other carriers.
SMA is poised with a marketing campaign to push the apps running on MyLife at the time of Launch..

The mining arm joint venture is coasting along at low cost to the company. At a "critical mass" stage of the China operations, they might consider either splitting the different ventures and/or focussing on the more obvious lucrative enterprise.

Didn't get the details of the Oct 11 placement sorry Sputnick.

The others might care to fill in any gaps or add to the list?