-----Original Message----- From: Simon Lyall [mailto:simon(a)darkmere.gen.nz] Sent: Monday, 7 April 2008 2:32 p.m. To: nznog Subject: [nznog] Kordia/PIPE Trans-tasman link.. Kordia and PIPE sign MoU to build new trans-Tasman submarine cable http://www.kordiasolutions.com/node/1203 ------------------ And so what's an MoU? Is it binding? Is it a way to tell the government you need some money to do something? Perhaps it is a way to take the wind out of a more serious announcement to come by another market player? Color me Pounamu (or any other suitable jade) but I don't think that "Heads of Agreement" or MoU documents are worth much more the paper (or bits) they're printed on. -JB (not expressing the opinions of any companies I might be associated with, Memorandums of Understanding or not.)