Hi everyone,

The Administrators have posted the minutes of the Second Meeting, held
17 Sept, on their web site.

Direct link to PDF file (192kiB)
http://www.jirschsutherland.com.au/Upload/MINUTES.17SEP073.pdf

Highlights:
1. Conflict of Interest
Rod Sutherland (the other administrator) is a director of ICE TV,
who are a business partner of Reeltime. They are a competitor of
Mobilesoft (informal note: they are also in litigation against
Mobilesoft).

Sule Arnautovic denied there was a conflict of interest.

2. Acquisition of Secure e-Solutions (Zannelle P/L)
a. There is a liability of $3,267,824.12 owing for this acquisition.
b. This acquisition is under investigation


3. Ten day notice of reconvened meeting


4. Adjournment of meeting.
Creditors voted to adjourn the meeting, for a maximum of 60 days
(16 Nov 2007, or earlier). [informal note: it is possible for them to
seek an extension from the Supreme Court].


Nick Bishop.