Replies to post #48664 on MediaG3 (MDGC)

[frdmlover]

I mentioned this once before in reference the merger.
It is not possible a merger will occur after the first "phase" is done (by witch I assume you mean the 4-6 weeks phase you just mentioned).

The reason is Mesh Gloabal will trade independently from MediaG3...there is a comment on the MGI site that talks about setting up shares for charities. They could not possibly do this in 4-6 weeks. Why do an IPO only to merge imediately with another company? This seriously needs to be clarified by the company. I suspect many years will pass before a merger occurs.

"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 like Hurricane Katrina and the Haitian earth quake. MGI will build a first class wireless service with associated products as well as fund and supply Internet services to the men and women that are there on the front lines of disasters."

Also...the complete statement about the merger is as follows:

"MGI's Headquarters are in the Treasure Valley of Idaho, where it is working with the first cities to deploy the MGI equipment and software. MGI has signed an exclusive License agreement with MediaG3 in turn for a license agreement to using their patented wireless technologies. 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. "

This leaves plenty of room for it NOT to occur directly after the first phase. There has been no definition of the other requirements...ie, what are the license requirements to be met? what is this funding program (the MGI Share for the charity organizations etc is my guess)?

I am not suggesting the merger won't occur, but it looks to me like MGI will do an IPO, which does not bode well for MediaG3 invesors in the short term (meaning over the next several years). Why? Because the license agreement does appear to be monetary, which means no revenue from Mesh Global to MediaG3.

I would greatly appreciate some other views on this information.
It looks to me like MediaG3 investors will not be reaping the rewards of Mesh global for quite some time. IMHO