RE: RE: News: game is afoot at Intel too...i can only comment on what i read in the release. Two things surface that i find very intriguing:
the first is: "One of these notes (for US$150,000) and the proceeds thereof will remain in escrow pending the satisfaction by the Company of certain milestones, primarily related to the development of certain technologies."
to me, that reads that funds are being allocated to a specific technology development initiative, with...INTEL!
the second is the potential "Qualified transaction": "Qualified Financing means an investment in the Company occurring after September 24, 2009 or before January 15, 2010 that is reasonably acceptable to MVI, in which the Company receives net proceeds greater than US$5,000,000 (or the Canadian dollar equivalent thereof)..."
That reads to me like the investor, Intel Capital, is reserving the right to throw a lot more money at Transgaming over the next short while if it so choses. I have to think there's something awfully interesting in the works.
Intel as a strategic partner? very cool.