Hi LTIThanks for your welcome post. It has been a nerve-wracking...

Hi LTI

Thanks for your welcome post. It has been a nerve-wracking time since the Company went into Voluntary Administration VA a few weeks ago....a man could say he doesn't know what to do with himself!

Yeah I practised being calm, and did a spot of homework and understand that the way out of VA is by the creditors voting for one or the other of any proposals for Deed of Company Arrangement, assuming liquidation is not the go. Unfortunately shareholders don't rate as Creditors i.e. they do NOT attend or get a vote at a Creditors meeting. Damn. BUT it is obvious that a proposal that best benefits the Noteholders and other creditors CAN also be structured to allow the shareholders to have a future life in the game as well.....as the Company presumably continues as a going concern? Hmmm.

Not being a Noteholder (and therefore not having seen the Creditors Report) it was interesting to read that there are 2 proposals in play - BUT only one (Pinder) provides a future for shareholders to stay in the game. Sheesh, man - let's hope the Pinder proposal gets up. I recall that Lind is ASOF, who have ended up giving the Company some grief in the past. So you say under the 2nd proposal (Lind) the MST shareholders get nothing i.e. it is the end of the road boys? Who wants that? Seems like for a shareholder this one is a no-brainer, we need the Pinder proposal ......PLEASE ...... even though we lowly shareholders don't get a vote!!!! As a long-term believer in the tech and shareholder supporter (like a decade plus) it would be sad movies bigtime if it was game over just when we thought contracts were supposedly getting close.

Thanks for the tip and contact for Dianne Pinder - I'll contact her ASAP and see if I can help her proposal to keep things as a going concern. BLIND FREDDIE KNOWS THE COMPANY HAS BEEN CASH-STRAPPED FOREVER, SO I'M THINKING MAYBE I CAN OFFER TO HELP A BIT MORE WITH THAT? It kinda sounds like make or break time - so I'm in 'once more' rather sit back and maybe risk the wrong Deed getting up and we shareholders then lose everything! As far as I know, these Creditor's meetings have got to be held in a short time frame, and it's been a while already - so if a few of us are willing to be part of the solution to stay on its feet, it's probably now or never? Go the Storm!