I have tried to keep up to date on the Quebec deal.
My take on Serge, is that he was offering a huge deal, becoming the saviour for the company. He was working a deal which leveraged some funds available for the French language translation.
It seemed he had his own agenda, and I heard he made some moves to try to take over the company. I think he tried to squeeze MKD by making big promises, then delaying and delaying until the company was forced into accepting a big reduction or put him in the driver's seat because they needed the money, and because they didn't have any other deals in the wings.
In any case, MKD now has a huge deal, and does not need to rely on old Serge. Serge may still come to the table at exactly the right time to drive the share price higher, but he will not carry the same weight anymore.
The Autonet is, by the way, still very much alive. The large companies/municipalities mentioned in previous posts are still looking at the technology. Big wheels grind slowly. Although the CD plant is the focus of the company right now, I'll bet there is a big sale announced before the CD plant goes into production. The combination of the two will really drive the share price up.
I think the share price will progress like this:
CD plant announced and financing takes the share price to .30-.40
Autonet sales pushes it up to .50-.60
CD plant goes into production. Anticipated $1.2 million profit pushes price up over $1.
Additional financing to establish national marketing team for Autonet.
Additional financing to expand CD plant to 2 machines
Autonet sales and profit used to expand national marketing effort to include Touchmaster, the restaurant POS and management system.
Combined revenues of CD plant, Autonet, and Touchmaster justifies $5-$10 share price. IMHO.
Quite a picture for a $.10 stock.
But in my opinion, Doug Maclean is quite a painter.
Ted |
