MST metal storm limited

GJS/Intel01,We have been told that the operation is going to be...

  1. 819 Posts.
    GJS/Intel01,
    We have been told that the operation is going to be moved to the US. IMHO, it would seem that the only part that the Aussie operation may play, is owning the IP (maybe for a short period only) and maintaining the listing on ASX. Given this I suspect that any capital raisings will be from the US and probably into MST inc. Therefore, GJS you may not get the option to participate. I have not spent a lot of time trying to see a copy of MST inc's balance sheet, but I suspect that it currently has little on the asset and liability sides, but does have cash flow and US contracts.
    As far as retaining Peter Faulkner, something like this should have been expected as they needed to retain someone from the old structure that has some experience. Given that, as suspected all of the Aussie staff have left either forcibly or by choice, it seems that probably the only option left was to retain some of the US staff. Of course to date the majority of MST income has also come from sources sourced and maintained by Faulkner. A clean sweep would have been a worry, from our point of view as this could have led to a rudderless ship, while the new kids on the block come up to speed.
    We are all, still anxiously awaiting seeing see the whites of the eyes of the new directors to give us an idea of where the management is going take us, until then all is just pure conjecture. As regards some of the other posts on the subject of Directors, Dean Gallegos, also appears to be a professional Director, currently serving and having served on a number of public listed company boards, and also provides the necessary Aussie link. Easton of course is the managing partner for Lind. Also will be interesting to see who else from the MST US management side has also survived.
    Intel remember that re-listing was part of the DOCA and one of the conditions to be met, as a condition of control being handed back to the Directors. If this is not met than a meeting of the creditors has to be called to approve the changes. A trading MST will be of greater use to ASOF than a non-trading MST, for disposal of their stock, capital raisings (who knows they may hit up the shareholders one last time) etc. Also it is just as easy to compulsory acquire the shares in a public company, if that is a consideration, whether it is trading or not.
    I still feel, IMHO only, that MST inc, may in short order acquire the IP, maybe for cash or possibly for shares in MST inc. Although this makes no sense for ASOF to have it as a shareholder in MST inc, if as I predict that MST will possibly sit on ASX as a shell awaiting a new set of investors with new projects. Intel, this may lead to your consolidation as they need less issued paper to make it attractive for this, as an option, to take place.
    I put this out here on the basis that it is pure conjecture only on my behalf and not based in any information not in the public realm.
 
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