I think you are refering to the 3rd announcement...so many it's...

I think you are refering to the 3rd announcement...so many it's hard to keep track!

If I read it correctly, then the loan is being made with a fee that equates to 11% p.a. The fee is paid in options. So no cash payout from Metalstorm.

If I read it correctly, when AWD is repaid in 4 weeks, the fee will be the equivalent of 0.92% return on his $500k investment. That's a whole $4,583 worth of stock. Would anyone else lend the company money on such cheap terms?

If anyone will, I am sure Lee will take it. Please call him up with your $500k lots and we'll be totally sorted.

Now, all we need are 20 shareholders with a lazy $500k and we'll have $10m. Then we'll be cooking. Or better, 40 shareholders and we can repay the noteholders!

I think, AWD is fronting the money to keep the company afloat, once again. For $5,000 worth of stock? And no cash. Even if MST goes to 2c, the options will be worth a whopping $28k for the $500k risked. Now if MST goes to $1, then it's a a motza, but AWD will be happy in any case...as will all of us here!

Now if anyone reads this differently to me, please correct me.