Off the reccord with Erinn... 33 min.. Today, I've talk to Erinn for half an hour.
-Everything is normal and on schedule at MBI.
-There are two dissident sherholders, both retired, over 70, one in New Zeeland, one in Vancouver, both acquaintances of Erin. The one from Vancouver had the votes fron the NZ friend signed to him, filled up the incomplete proxies and faxed them to a wrong fax number.
-He came to the meeting with his lawyer, demanding to change the agenda of the meeting.
-In his law-suit, he wants him and his accountant to become part of the "Board of Directors". MBI expenses were brought down to a minimum. Who needs two more directors who brings "no value added" to MGI? He is an Electronic Engineer.. The request might be thrown out of court 75-90%, or a vote might be required. Who needed more expenses for MBI?
-There is one last charge in "Respira law-suit"- where in the worst scenario, Precission might pay ~250k, half of them being recovered from royalty payments.
-MBI can not push for an earlier launch, Precission lunch it <their way>, to make sure it's done right.
-Erinn is against any un-necessary press releases to pump up the price artificially.
-Precission buying out MBI- it might happen in 2-3 years, depending uppon the sales.
This is the summary of our conversation. This was my interpretation, not an official PR, so is "off the reccord"..
He seems to be a "normal", "common sense", "no ballsh.." guy, who could make more money as a lawyer, than MBI CEO, but MBI is "his baby"... Cheers