the chinese are all over metalstorm ip, page-15

PA,

You said "Make it now or face dilution or worse."

Dilution is inevitable. The company needs cash. They tried to raise it last year through the rights issue, giving EVERY shareholder the right to not be diluted. It was eventually fully taken up, but largely by 1 or 2 investors (the usual suspects). A handful of other faithfuls took up their entitlement.

IMO, this company needs $5m-$20m to become a serious going concern. How do you think this will arrive, other than with some dilution? If the company can raise $10m and I looses 1/3 of my percentage holding (but the share price does not go down), then I think many of the woes may be past, at least into the end of the PNG contract. This may be the impetus for price growth.

If you (generically to all readers, not just PA specifically) didn't stump up (at least) your entitlement in the RI, then you are the problem, not the solution. And probably just a whinger.

To all of those who took up thn entitlement, thanks and I look forward to us being vindicated.....but that may take some time.