Ann: Becoming a substantial holder , page-2

As predicted, Mr A Doyle is now on the way to being the major private shareholder. He will have at least 120 mil options at .015 plus the 100 mil or so options that he has at .001. If he takes these all of up without selling he'll be over a 20% owner. He's done some profit taking from his earlier aquisitions and it remains to be seen what he will do. I expect he has as much incentive to hang on for a decent price rise as anyone else before selling down - ie wait till MST is productive enough to attract some institutional buying in large parcels so he can make a killing. I think this is a good thing for all of us smaller holders that we have a large private shareholder who's paid money for his shares (even if at a low price) and has a good incentive to stick with it for a while.

I look forward to the price being back in the .03 - .04 range, maybe even more within a few months!