the way forward, page-7

Some good points there Silver.

Those shareholders of 13% of Red Paragon that MVH do not own might find it interesting that they still have a pretty good board position (chess analogy this time - since I don't think its FC strong point imo).

Convert the other 13% RP into escrowed MVH equity. This would give approx 2 million shares (ie 2%). Then ask that 2% to paticipate in a placement of approx $500K at 6c ie 8.3million shares (less than 15% so not subject to shareholder approval). And depending on their view of Red Paragon and Medic Vision perhaps strike up a second deal to include a convertible note facility for $500K to $1mill - (I think this needs to be subject to shareholder approval though). That would give the RP 13%ers a minimum MVH voting power of 8.3%.

Combined with Ross's holdings (5%)and his followers shareholding (7%) + the retailers that support Ross (10%) = minimum approx 30%.

That gives the 13% some weight into seeing how RP is directed from that point on, provides MVH with some vital funding, market RP technology, keeps FC from any HNR style mutiny on MVH.

The reason why I am saying this is because control of MVH is slowly growing out of Ross's hands, though projects and sales are still continuing as per last announcements.

Navratnam's influence (ie followers) haven't stepped into MVH like I thought they would AND the JV still isnt completed. The latest dilution tells me FC is trying to gain a greater control of the JV vehicle (ie if all is well) and dilute RH out via cash injections/placements.

This is where the 13%RP shareholders could be very important to Ross, MVH, the JV and Red Paragon from this point on.

Who should initiate the conversations I couldnt say - but both parties would get along pretty well imo.

Cheers,
The Sparkler