I have received notice of an EGM in which we will be asked to approve 3 Directors purchasing $150,000 worth of shares ( 3 x $50k), and interests associated with the MD purchasing another $150,000 worth. In addition, a substantial shareholder (approx 10%) is prepared to invest another $100,000 - this strikes me as a major vote of confidence (or stupidity) in the Company and its potential. Directors "putting their money where their mouth is" has always been a winner in my investment criteria. With any luck we may also find more info on the VideoEzyJV emerging from that meeting. From reading the press, there seems to be a lot of jockeying for positions in the home video delivery sector by major groups - Fairfax, Sony etc lets hope MSO can attract some significant interest from established media players.
MSO
mobilesoft limited
I have received notice of an EGM in which we will be asked to...
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