good luck to all the long termers, page-8

Hi Cjs,

"Defense getting a kicking in the last budget has led to this"

Surely what has led to this is many, many years, and millions upon millions of dollars exhausted without actually delivering product.

Here we are in 2012 with more than a decade gone and over $100 mil spent and we still don't have a product that is in a saleable form. We need more money and we need more time is what they tell us but that is what they have been saying for a decade. When shareholders give them more money and more time still nothing pops out the other end.

The cow that they have been milking all these years is now so old and exhaulsted that it has no more milk left.

What has also led to this is several years of scouring the world to find the dodgiest looking investors while performing what appears to be the laziest of all DD processes. Not once, not twice but at least 3 times in recent years.

Not sure how the budget can be blamed for where MST is at when at this point they still have nothing to sell, no money to develop anything to sell, and not a clue as to how to find investors who actually have money to invest.

Sorry Cjs, I really believe that even if the budget for defense suddenly doubled it wouldn't make the slightest difference with regard to MSTs ability to deliver anything. In fact they reckon they have a load of potential non-defense customers which have nothing whatsoever to do with the defenese budget and once again they can't convert any of them into orders. What does this tell us about the problem?