Mlabs: Signs MoU with Cisco to distribute video conferencing and virtual AGM solutions. Mlabs Systems has signed a memorandum of understanding (MoU) with Cisco International Ltd to strengthen its video conferencing business and offer a new product for listed companies to conduct virtual shareholder meetings. (The Edge)
Cisco is a very proper Organisation , won’t simply sign mou unless there iis possibility something positive can be worked out . I would think Mlab future going forward will be good . 7 Sen not a dream
I seriously think this is now a turning point for mlab, they just need to appreciate this opportunity and sell their video conferencing solution harder for growing demand, no more excuses for making losses
Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 12 May 2020.)
Reference is made to the Company’s announcement made on 12 May 2020.
Mlabs Systems Berhad (“Mlabs” or the “Company”) wishes to further clarify that the MOU shall be effective from 12 May 2020, and shall remain in effect until the earlier of either:
(a) a period of 3 months from the date of the MOU is executed; or
(b) written notice of termination of either the MOU or the agreement by one party to the other at the addresses set forth in the MOU, or as specified in writing by the Parties.
On behalf of the Board of Directors of the Company (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities” or the “Principal Adviser” or the “Placement Agent”) wishes to announce that the Company proposes to undertake the private placement of up to 267,365,000 new ordinary shares in the Company (“MLABS Shares” or “Shares”), representing 30% of the total number of issued shares of the Company, to independent third party investors to be identified later at an issue price to be determined later (“Placement Shares”) (“Proposed Private Placement”).
Please refer to the attachment for further details on the Proposed Private Placement.
Omg!!!! 30% of company shares!!!!!!! To independent investor!!!! Imagine how much it will fly!!!!! RM 0.300 my target!!!! Next week will be a long bull
30% to Cisco,.......Kacang for Cisco,.....If 30% for Cisco,......It is a great news.
TP will be at another level
30% from entrepreneur,........The entire story will discounted a bit
But, "Independent investor" if great thing to deal with,....meaning MLAB is a good company to stay with in this kind of negative state of worldwide economy.
If 30% from public then,........the entire story will be telling on the other way round.
Conclusion: To me is a good news. Lagi bagus if the "independent investor" is Cisco thru nominee.
I have never been so hopeful with Mlab, the future prospect is a lot brighter now as working from home or virtual conferencing will be the new normal. I really hope mlab buckle up and make full use of such a golden opportunity. The coming qr may not be good, but investors are buying the future. Don’t be surprised if it goes beyond 0.10 :-)
By the time CORONAVIRUS pandemic is over, people have already got used to virtual meetings n they will use it in future. Good chance for mlabs to go back up in future.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Posted by 8055K > 2020-05-13 16:07 | Report Abuse
jump in .3 worth ? what is u all tp