re: Ann: Response to ASX Query re Price and V... I dont think...

re: Ann: Response to ASX Query re Price and V... I dont think that the convertible security holders care about what anyone thinks as it all appears legal and perhaps the only way MST can get much needed cash.

If they have been dumping shares after conversion they have spooked the buyers and will now struggle to sell more at .001. so perhpas there will not be any more issued for a while.

Its dilluting the buggery out of exsisting holders but if the only other choice is to de-list then I guess MST has to wear it to survive.

So of the $700,000 convertibale security 292mil shares have been issued at .0009(I assume at 10% discount to VWAP) that leaves about 400mil more shares that can be issued.