MST metal storm limited

comment, page-45

  1. 259 Posts.
    LTI - I don't get why you are raising the spectre of needing a share consolidation 'at this time'. IMHO you are wrong (pardon me).

    Like I said in a previous post with GiddyYup:

    Leaving aside the cashflow expense, a call for any share register consolidation (a) would be silly timing 'now' in isolation with the absence of locked down product sale deals - as it would only provide a platform for further downward spirals while we continue to 'hope' for those deals. The market is ruthless, and will 'not' oversee a share price rise in the absence of locked in deals - hopeful talk will 'not' cut it; and (b) do the maths and compare with other legitimate defence stocks - even 'with' the current diluted billions of shares we have unfortunately experienced,a future consolidation of say 1:20 is all that is required to get the register volume entirely respectable. Talk of a 1:100 consolidation is way off the realistic mark - what do you think MST should cut right back to 50M shares or something?

    Finally, IMHO if we survive at all - the time for a share consolidation is ONLY AFTER product sale deals are locked in. Sure, 'THEN' we can proceed with the share price around say 10c (based on say 1:20) when there will be natural upward pressure because of the deals, not inexorable downward pressure while we continue to 'hope' for deals that have not materialised.

    Does that make sense at your end?
 
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