Below Japon statement. I've highlighted the areas in bold that I'm calling BS and coming essentially from no where from what we've been informed.
i believe by the end of November the first stage of the transformation of the company will be completed.
At this point in time the CBA pilot scheme has been running since Feb, the ASX announcement of Boom2 going live has not been repudiated thus by default its live, a CR yesterday that has laid to bed the need for any capital raising in the foreseeable future, and MF has in place a high caliber management team.
I believe over the coming weeks running up to the AGM we will see validation of Boom2 with the CBA pilot crystallizing into a formal agreement, the issue of overhanging outstanding paper in the form of MF's performance shares resolved, George confirmed as CEO, MF confirmed as a non executive director, new pilots and a strategy for the "New" iam
Is anyone else expecting a formal agreement over the coming 'weeks'?? Far out I wasn't expecting anything until Feb/Mar next year and even then fully prepared for a pilot extension first before any formal deal (just IMO). The issue of overhanging outstanding paper (WTF does this mean) in the form of MF's performance shares resolved (I've asked how Japon thinks this will be resolved and as yet no response to HOW). From what I understand the only way MF's shares can be 'resolved' is a CBA takeover or NPAT milestones which surely can't be achieved this FY although we live in hope. I just believed the bold bit of his comment was bizarre unless he has some sort of inside info we'd all appreciate to be informed of...
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