re: Ann: METAL STORM ACHIEVES ENDURANCE FIRIN... I believe that MST have told us in a fashion' that the money needed to stay solvent is already there?
they didn't say possible oppurtunity to sell or licence the tech, and I also believe they were talking about a specific platform i.e. Periphal Product???
and the last sentence is telling us something which should be ignored at your own peril IMHO.
This is a small section taken from the annual report,
The major impediment to the Company’s successful future is its capacity to raise further capital. The Company has
faced this problem before but we have never before faced a market so devoid of capital opportunity as the current
market. Despite that but after deep deliberation about appropriate balance in our actions, the Board’s
determination is to progress on the basis that the capital will be found. "WE HAVE GOOD REASON FOR THAT". These
include the point at which the product is, the quality of our teaming partners, "the advances that have been made in
peripheral product" and "THE OPPORTUNITY TO SELL OR LICENCE THE TECHNOLOGY". These things require tough decisions and
a degree of stability within the Company, so that the only thing new investors need to focus on are the scale of
opportunity and the provision of capital. In this way the Company is being given its best chance of success in a
market where traditional paradigms of business have been and are being completely ignored by investors.
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