MediaG3 (MDGC)

[Cassandra]

The following sounds to me like they plan on doing a private placement of their shares rather than an IPO.

After MGI completes the first phase of the Mesh Wireless system, has complied with its License Agreement with MediaG3 and has completed the funding program, it will merge with MediaG3, where Mesh Global will be a wholly own subsidiary of MediaG3.

Presumably MediaG3 would then buy Mesh Global Inc. by issuing MDGC restricted stock to the private shareholders of Mesh Global.

The confusing thing to me is the "charity" aspect:

It is the plan of the MGI founders to create funding to local communities and humane charities around the world. To this end the company will set up shares of MGI stock for these groups that are involved with world disasters ...

Does anyone know what this means?