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RockStar1

12/07/05 8:53 PM

#35682 RE: gregg99 #35681

Greg, It is true, the press release on csn indicated short term, this did not happen and someone will lose their job over it!
The attorneys and accountants are not the problem. The financing is what took so long, you see the funds must all be raised prior to going into the quiet period or at the point of the s-4 filing. A large part of the money came in and we are seeking to complete the process.
The most interesting part of this opportunity is that it looks better for 2006, why?
Kevin and sony/bmg have a great bond in their working relationship, this accentuated at the point of the fall out of f4 and Kevin coming over, you see, Kevin championed copy-protection and he championed mediamax, in sony's view, Kevin was correct and helped design a GREAT product! Now, Kevin is looking to turn his VISION into reality and this vision is VERY CLEAR TO SONY, which is commited to protect lost money from piracy.
As shareholders, is it wise to concentrate on the past and on where management came up short or instead should we look for that next opportunity which ironically is the company you've already bought. I will not respond again until next week. Thank-you. mariomax




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stingray2

12/08/05 7:02 AM

#35687 RE: gregg99 #35681

Gregg99,
There is without a doubt much that has not been completed and enough blame to pass around. Here is how I see the situation!

The funding always was the critical part of filing process. The delays were endless and frustrating.The obligations like audit, filing etc. had to be payed and sufficient capital left avaiable through the quiet period which ensues the filing of S4. We have received a large payment from the financing with the balance due by 12/15/05. So I expect the completion and filing to happen .

Kevin Clement coming to MMXT is very important so that the culture of getting things done and done on time along with bringing Music Industry knowledge, contacts along.
I realise fully we have long standing issues that will not all be overcome overnight by changing ! I do expect change in the culture to one of getting things done. A Big Plus!
Kevin brings a much needed change in energy as well!