RE: News this week17 Mar 2014 09:29
The name change is relevant as the redefining of the Company as a Revenue generating, iperatiinal entity as opposed to an investment vehicle, is an important distinction for Instititution investors. That's consistent with view of greater Institutional buying as we progress towards the eventual T/O, thereby sideling much of the retail PI component of shareholder distribution.
When viewing whether the motion gets passed or not, it's useful to consider the large proportion of shares already held by Directors / Management. Those Insitutions that have recently come on board would also have been aware of this forthcoming, logical progression re: rebranding of the Company. Although 'technically' people can argue on the point, it's pretty inconceivable that the Company wont be changed to Minds + Machines Ltd, with the emphasis on its revenue generating role - that's not going to happen lol.
Antony van couvering has his own reasons or not to take up options - its a personal thing dependent on his 'present' circumstances & future lifestyle expectations. I asked the question previously as to why he didnt buy stock when other Directors were more then happy to do so. I was told Antony has his own way of doing things, financial expediency for himself not being utmost in his mind (as opposed to strategic competency & execution on the Company's objectives) - he's essentially a 'geek' for want of a better word.
It's probably more constructive to focus on the more pertinent issues related to progress on the new domains & launch stages associated to them towards real revenue generation.
The other possible RNS relates to .KIWI going into its Landrush period this week!!!