-selling is on the agenda,
-what to do with the amount is yet to be known, the topic is under discussion for future plans within the agbu board.
-mei's exitence doesn't justify anymore
since in the last 2 to 3 decades instead of mei using its students, the students have used the institution. i.e. coming from lebanon (during the war), iran,(it was a bridge to usa mostly), no more lebanese armenian since the war has stopped, not a lot from Syria there hardly are any graduates who became 'azkayin kortzounia' and so  on
-financially, they are looking at the it from a differnet point of view. i.e. they are saying that the actual income of the school is from the tuition fees which is about 400,000$, the income from the commercial centers and other incomes aren't considered a direct income to mei and that they have control on it.
-the 'gdag' as per the agbu members has been studied for some 7-8  months by specialists/lawyers in this field and that it gives them right to sell

here are some of the notes i took down as well during the meeting that  will give you an idea of how they are looking at MEI.
after the 70s MEI has stopped producing public workers in the armenian  sector, 80s and up from various countries in the ME that had unrest in their countries studied in MEI and moved on to different areas in the world, the current attendants in MEI these are mostly from Armenia (why accepting armenians from armenia was questioned too),from Cy about 35
and they are day students, Russia and Balkan...hence mei has lost its mission and it's existence is not justifying

mei is an opportunity cost to agbu that it's selling could be invested  in other ways.
-in one of those meetings the sub committee were also told that mei has
accepted students from broken families, it's the church's job to handlethese issues students not agbu's.
-another example given was that in Syria there are 1600 student in the agbu schools and the tuition fees can get max to a few hundred US Dollars, isn't it better to invest in 1600 rather then 250 who are costing a
million usd something??!!!
-that the school's capacity is 400 and there are 250 student
-why are there non armenian students in MEI.

many more points like this were given during the meetings that took place with the agbu members.

just to let you know, that during the meetings were present, S Apoyan, Z Gharibian, N Chekherdmian, S Toumayan,K Poladian.

MEI was being compared to other schools, which dont have its characteristics. agbu is looking at things from a global point of view. Like it  should not be compared to Syrian, Lebanese, Eatern Europe etc.standard  of living.

If anyone from LB has anything else to add please do so, to allow  everyone to have more info and insight to what's going on.

Lebanon alumni's decisions, and point of views
1-the mei's board members (hokapartzou will submit a letter on their  behalf to AGBU)
2-Offical annoucement to the newspapers (
3-taking careful well thought steps to avoid loose ends
4-it is again suggested to not print out the joint declaration in the newspapers as still the members feel it needs modifying, as yet the 2  parag. under the PRIME LOCATION still are in print; no need to mention the new elected Cyprus alumni or any other newly formed alumni, just the
names of the countries to show a united front would suffice as advised by Garo K.
5-to coordinate with mr Ouzounian and continue in our everyday updates
with each other.

Please waiting for your feedback and your comments.

Regards
Tal