[mosig] [ossig] MOSIG: Formation of Company - Inaugural Meeting 17th July 2004

[Tze-Meng Tan <tmtan@xxxxxxxxxxx>]

Hi Molly

On Jul 14, 2004, at 14:07, Molly Cheah wrote:
> I had explained the mechanism during the 1st meeting before it was 
> agreed that we work on the MOSSIG version of the Shareholders 
> collective agreement document. Here are the steps:

The first "meeting" was not a formal affair, it was very clearly termed 
a "brainstorming session" - the key point of that session was whether 
to form an association, company, co-op or whatever entity ... obviously 
company was chosen .... it was an *ideas* session, not a decision 
making meeting, thats what brainstorming means

Anyway

I was under the impression that during the first "brainstorming 
session" that someone would scan and OCR the document (thanks Jason) 
then the document is distributed to interested parties to read through 
and comment on. The WG was formed to start work on cleaning up the 
document - not finalise it for acceptance. It seems like anyone who 
couldn't make it to the first WG meeting is excluded from the process 
of creating this document, why, I mean thanks to the 5 of you who made 
the time for this but why exclude everyone else, its like there is 
something to hide, this is especially true when you are trying to get 
this document accepted by forcing it through a single meeting .... an 
*18* page legal document, not seen by the original WG, put up for 
acceptance in the very first meeting ? Does this make sense ?

> 1. Acceptance of the content of the shareholders collective agreement 
> document by those who want to buy shares into this company.

unless we look at the document, how are we going to accept it.....hmm 
.... I don't like the idea of rushing through the document on the 17th 
to reach an acceptance decision ... if anything it should be everyone 
attending take a copy back to study .... I for one want *my* lawyer to 
have to look through it since Legalese might as well be Greek to me... 
once my lawyer has given me the feedback, then and only then will I be 
in a position to accept or suggest changes or decline ... this need 
time, not during the 17th meeting ... sorry, no disrespect intended to 
Ammar's mum, (thanks btw), but I'm an Open Source Advocate .... More 
Eyes On The Code Means More Bugs Are Found, Better Code Can Be Written 
... same principle applies to *any* document

> 2. Incorporation of a RM2 company by 2 people. The company will 
> contain clauses which refers specifically to accepting others based on 
> the collective agreement.

why is this step necessary, if on the 17th all 8 people agree why 
should we go for the minimum 2? This was not agreed on in the first 
brainstorming session, the meeting on the 17th was supposed to be the 
*real* meeting to decide on how to do, not the brainstorming session

> 3. Those who want to buy shares into the company  has to pay up and 
> commit by signing up in the signing page/schedule1 which will then be 
> part of the collective agreement document.

yes but like I said, I want *my* lawyer to look at it first.

> 4. An AGM is called and only those who had paid and signed up will be 
> able to attend this shareholders meeting. The business of the AGM will 
> include election of directors, incorporating the contents of the 
> agreement into the M&A of the RM2 company etc etc etc.

this is getting ahead, we haven't even formally decided on a course of 
action, I will repeat, ad nauseam if necessary, the first session was a 
brainstorming session
no decision was made on details - especially when people were barred 
from attending the session for reasons unknown - from what I understand 
purely personal reasons


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