Ah well, I guess they don't like risks! However risks are assessed against returns and if someone came up with guaranteed substantial funding MST would be off and running and produce very substantial returns in a reasonable time frame. With guaranteed financing, the sp would be expected to rise significantly before long. While I've lost hugely at todays sp I still think the tech is going to create reasonable returns for holders when it gets going as long as it can get past its next financing hurdle. I'd have no objection to my super fund investing a very small percentage of funds in something like MST which has the potential for super profits, which it would be for the FF.
Actually, I'm not particularly impressed with the future funds management in that they sold off of large chunks of Telstra fairly quickly which was a major factor in pushing the TLS price down for so long and is only now beginning to recover. I think they've cost the beneficiaries of the fund a bundle. The FF's investment in Honeywell etc will now be well into negative territory - a 5% return yoy with maybe a 25% or so loss due to exchange rate changes. It may take a long time to get that back, if ever. So much for risk avoidance!
It's sad that there is very little institutional funding or support to take on things like MST in this country - one of the reasons that apart from digging the place up and selling it, most things developed or pioneered here that are any good end up in foreign control.
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