placement update, page-2

Your assumption could be right tell? but there are also some other scenario's that may be in play, this delaying tactic could possibly be a ploy to panic existing shareholders to unload their holdings at a very cheap price before this company whomever they are forks out with the cash.

Or it could also be a way for the US to gaurantee that they sink us, by getting metalstorm to a point where they have nothing in the tank and then pulling the plug, and the US can get hold of the IP by default because the have a caveat written that says they can pick up any or all of the IP at any time and those interested parties (Harmony) would have to take the US government to court in order to get compensation, and the Oz Government also has the same caveat as well!

Or it may just be as you say, someone who really doesn't have the capacity to pay at all! but this last option is the one I would think most unlikely, I really believe the US is behind this in some way, you only have to look at how they attemt to copy metalstorm IP with the patent I have been posting about recently and the latest date on that patent was late 2008, so you cant tell me they dont like the system!