becoming a susstantial holder, page-2

It now appears a major shareholder has had 52,669,568 fully paid ordinary shares issued pursuant to a subscription agreement at 90% of the volume weighted average share price for 10 days prior to the issue $0.013. This issue was maid prior to the announcement made by MST quoting. "Metal Storm receives order from US Marine Corps", which falsely inflated the price to $0.019.


I now also Question, how long Metal Storm held the announcement before releasing it? (was this constant disclosure or not). In order to not inflate the price, before shares were issued to Mr Andrew Doyle.


The announcement being made after the issue would be to the benefit of Mr Doyle but to the detriment of all other shareholders that were purchasing on market. Also for existing shareholders the dilution per dollar is greater due to the timing of the announcement.