Replies to post #48665 on MediaG3 (MDGC)

[frdmlover]

I made this comment which I need to edit:

Because the license agreement does appear to be monetary, which means no revenue from Mesh Global to MediaG3.

I meant to say...does NOT appear to be monetary, which means no revenue for the License Agreement from MGI to MediaG3.

That certainly needs to be clarified by Val et al.

The MGI IPO may be the way to go and not shares of MDGC in the near future (next several years) as I don't see how MDGC pps is going to benefit if the real work horse is Mesh Global.

[K23]

Frdmlover. You have a point in your argument. But based on your scenario, if MDGC is not going to get benefited monetarily, then why should I get excited with these recent developments and Boise project? This is not what I was led to believe. I would not share your pessimistic views. Let's see if other Longs on this Board concur with your views?.

[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?