announcement 7 dec, page-5

One would expect that the issue would be at a similar price to what AFHL were getting. It's $7.5m more than what AFHL would put in as equity, but no mention of an options deal.

$25m at .0175= 1,428,571,428 shares

AFHL would be, if it goes ahead
$17.5m at .0175 = 1,00,000,000 shares plus eventually
$17.5m at .06 = 291,666,666
Total 1,291,666,666 shares

Obviously a bigger dilution for current shareholders and less money for mst with the alternative equity plan, but as they say, beggars can't be choosers. I guess that may be why the board were trying to keep going with AFHL? Maybe the AFHL deal will still be going ahead? lol.

Anyway, the bright side is that it looks like mst may not have to go into administration so we are hopefully not going to lose the lot. At least the traders will be having a good day! lol