comment, page-39

"uninformed speculation" your reckon myronc.

I'm as bit a supporter as the next guy and I'm holding my stock but I'm not one for closing my eyes and pretending I'm somewhere different.

I don't think its a secret that the share price has been spiraling lower for quite some time. Its also no secret that the company is desparately short of cash required to keep the doors open and is reliant upon capital raisings at uncomfortably regular intervals. No doubt you have also heard of the $20mil -ish debt that is outstanding with no obvious way to repay it and a relatively short agreement to extend. Which of this is the "uninformed" bit ?

So the cash is raised via the regular issuance of additional shares at a slight discount. Those shares are then sold on market so that the financier doesn't hold large amounts of a depreciating asset, ie MST stock. That in turn increases the stock on issue and the additional liquidity has put downward presure on the share price for quite some time. I don't believe there is any "speculation" in these comments either.

So its hardly "uninformed speculation" to say that the share price is in a continuing downtrend which will only end at 0.001 unless something tangible happens before we get there. You seem to take offence at this cold hard reality but I'm not sure why. There is more evidence to say this is likely than there is to support your labling of such comments as "uninformed speculation".

Many thought and hoped the SP would hold at 2c and 1c and .006 but again, in the absense of material announcements of commercial deals and with the continuing issuance of additional stock there simply isn't sufficient demand for the stock to hold the line. So your belief that it will somehow hold at 0.004 is based on what ?

Now sure, I too want this to be different. I don't see any point selling the stock that I hold and am to let it ride hoping that management can pull off a deal and we can keep it afloat long enough for this to happen. No doubt they are trying their best. I want it as much as the next guy. I even oversubscribed by several million shares to the last issue just to give them the little bit of extra cash I had to help buy extra time but all the while I'm realistic about the risks and the reality of the markets and know that there are no guarantees that the necessary deals can or will be done in time based on the mechanics of the current funding arrangements.

Now you might not like what we are talking about but to call it "uninformed speculation" is just a bit harsh isn't it ? You might be happier doing nothing and not discussing the possible outcomes and thats fine. Nobody is making you do anything different but please don't be telling others that they shouldn't be looking at possible outcomes and how to best place themselves to get the best outcome for themselves.

You will note that nobody is saying sell up and run. the time for that was long ago. Personally I believe that if timeframes keep dragging on like they have for whatever reason and shareholders want to retain their equity then a deal needs to be done soon to reconstruct the debt and equity, and recapitalise the company before its too late. That wouldn't be an easy thing to do and it wouldn't be painless but unless management are holding an ace up their sleeves, this appears to now be necessary.

Its easy to call anything that hasn't yet happened "uninformed speculation" but its a hell of a lot harder to actually think through the possible outcomes and figure out what actions can be taken. Discussion of actually doing something is described by you as "throwing in the towel" whereas your idea of hoping for the best is obviously more informed realism ? Well your probably right, thats what most do.