Inside ASI-AP

After the management meeting on Wednesday, we left the conference hotel and moved over to the office. The Board meeting was held on Thursday 3 May.

The Board meeting is held in 2 parts. The first part is called the Pre-Board meeting and is attended by the Board (Bob, Don, Niroo, Doug, myself, and Larry who was absent), the VP's (John, Donna, Fred) and Gabe (legal counsel and company secretary). Each VP provided a summary of their 2007 budget and goals for the year, which also included Niroo and I for Europe and AP respectively. Also to answer questions from the Board. This part of the meeting runs just under 5 hours.

We then break for lunch, and after lunch the second part is the official Board meeting, which is just the Board and Gabe. There are a couple of statutory duties that have to conducted and minuted, including setting of stock option prices and approving minutes of the previous meeting. Bob also gave an update on acquisitions and ongoing discussions with our investment bankers (these are consultants that we use to advise us on the best approach to go public or to find an investor). This part of the meeting runs for about an hour.

I have attached a copy of the Powerpoint presentation ASI AP Board meeting presentation May 07.ppt that I gave to the Board on the AP operation. I made the statement that I was nervous about our financial results for the 2007 year and have now earned the new nickname "nervous Nelly". A month later I am still nervous and we have more work to do in managing our expenses and getting in the right revenue.