newtrader77

Intersting to see Newtrader now making a posting on MSO. For those who may not be aware of newtrader, I suggest you checkout the RMA forum and see that newtrader works for, or is close to, management of Reeltime. He (or she) also likes to log on as 'phishpheet' occasionally. Our new correspondent overlooks a couple of points ( conveniently).
Video Ezy is the largets outlet of movie content in Australia with well over 300 stores throughout Australia as well as New Zealand and Asia. It has purchased Blockbuster in Australia and is awaiting sign off by ACCC - expected in a couple of weeks. That will not only massively increase market penetration in this country, but open opportunities to Blockbuster world wide. VE already have content rights with all film distribution/ production companies so no need to payout huge additional costs whilst waiting for the system to take off - unlike ReelTime that has very few customers and is paying out massive sums to Hollywood studios for the rights to content which is no where near the library of films that VE has access to.
The MSO box takes content now via input from a portable storage device ie ipod, but is able to take VOD as soon as broadband capacity & speed makes it feasible. Currently, as most know, to download a movie can take hours depending on time of day and geographic location even if you have 'fast' broardband, and you double pay given the cost you pay to Bigpond etc for downloading.
Interesting the comment by Newtrader about Microsoft given that only three weeks ago, MSO won an award from IBM and Microsoft in which the judges said "the diversity of connectivity options positions the (MSO) Home Media Centre for success in both local and international markets".
The EGM for MSO was held today and from the Chairmans remarks and the outcome of the voting that has since been posted on the ASX Announcements section, the future is looking very good for MSO.
RMA in contrast has a disfunctional Board, one of the dominant board members resigned recently to 'tend his goats' on his farm, a shareholder base anything but happy with their management team, been in a trading hold for over 3 months whilst attempting a capital raising which was originally flagged as going to take a few days, have failed to publish their cash position as of 31 March as required under ASX listing rules, been unable to publish figures to show that the massive cash burn rate has been brought under control and had their Managing Director made the butt of humour in the press for posing as a contributor to HotCopper in an attempt to talk up the company and its prospects.
Yep, they sound like the actions of a real winner!