Secured note holders
1. CITICORP NOMINEES PTY LIMITED 65,175,812 59.54
2. HARMONY INVESTMENT FUND LTD 32,726,847 29.90
3. NASFUND CONTRIBUTORS SAVINGS & LOAN SOC. 1,250,000 1.14
4. MR GRAHAM BUGDEN 1,000,000 0.91
5. MS INVESTMENTS NO 2 PTY LTD 1,000,000 0.91
6. DELPHI SYSTEMS PTY LTD 514,280 0.47
7. MR MICHAEL GRANT RING 492,595 0.45
8. MURRELL AAA PTY LTD 402,112 0.37
9. MRS WENDY O'MORE 332,384 0.30
10. LISAB PTY LTD 260,000 0.24
11. MR DEAN BUTTON 243,292 0.22
12. MR ROGER MORGAN 205,472 0.19
13. MRS SILKE PANOS + MR CHARLES PANOS 197,129 0.18
........
TOTAL 104,717,593 95.66
METAL STORM LIMITED
Top Holders - Secured Convertible Notes
31 December 2009
Top 20
1. MR JAMES MICHAEL O'DWYER 66,081,770 7.78
2. ANZ NOMINEES LIMITED61,621,799 7.26
3. NATIONAL NOMINEES LIMITED 51,606,861 6.08
4. EMPIRE EQUITY LTD 44,444,444 5.23
5. MR ANDREW WINSTON DOYLE 29,433,405 3.47
6. O'DWYER INVESTMENTS PTY LTD 23,687,184 2.79
7. MR GORDON MENZIES WILSON 12,025,695 1.42
8. MRS VIRGINIA WARNECKE 9,512,960 1.12
9. MR ROBERT WILSON 5,912,767 0.70
10. MR GRAHAM BUGDEN 5,771,570 0.68
11. MR TIN SHEUNG LAU 4,579,255 0.54
12. MR DAVID JONATHAN GREGORY 4,100,000 0.48
13. MR FRANC JOSEPH EVANS 4,000,000 0.47
14. MR GILBERT GAVARS 4,000,000 0.47
15. MRS JACQUELINE MARTIN 4,000,000 0.47
16. MR DEAN BUTTON 3,746,294 0.44
17. MILAROI PTY LTD 3,621,733 0.43
18. DELPHI SYSTEMS PTY LTD 3,517,414 0.41
19. MR DAVID ARTHUR BEAMISH 3,263,946 0.38
20. MR ROBERT WILSON 2,986,756 0.35
TOTAL 347,913,853 40.97
31 December 2009
METAL STORM LIMITED
Top Holders - Fully Paid Ordinary Shares
In regard to an organisation accumulating share for a takeover, it doesn't look like that has been happening from the list of top 20 shareholders & noteholders. It looks more like a distribution of shares where the top 20 have evened out a bit more and quite a lot of shares have gone to small holders. 60% is now held by small holders of at the most 0.35% each. The %ge in ADF's looks like it has gone down too.
Harmony are no longer listed as the top note holder, though maybe they've just made them over to citicorp but retain ownership? The secured notes are not due for nearly 3 years, so provided MST stays financial, they can't force the coy. into administration to gain control of the IP. It looks like finance is going to be OK for at least a couple of years.
From these lists, I would think a takeover is now less likely for a long time because of the way the financing is structured for issuing of shares to GEM - which will allow only a gradual accumulation as finance is drawn down, and at the same time allow others to buy on market at opportune times.
The big secured note holders and the new investors have an interest in keeping the price down perhaps by shorting, as has been suggested by others. The noteholders may want to convert some of their notes to shares once the coy finances are secure and will want to do this at the lowest possible price for their own advantage (conversion ratio is $0.135/sp) and so also have an interest in keeping the sp down. So whilst the price should average up a bit as time goes by because the coy. is not going to go broke, imo I doubt whether we are going to see any sustained big rises in the sp for a long time though there may be some substantial spikes now and again when there is good news and quite a high %ge variation in the trading price week to week. If you have the time to watch and trade, there should be some good opportunities coming up.
Whilst the AFHL fiasco may have been an attempt to cause the company to fail - in which case the note holders would have walked away with it, the coy. has not failed - perhaps as Moosey suggests it was never going to be allowed to fail?
Long term, if sales are made (most of us older holders assume and have faith that they will be) the sp will go up and we will do OK.
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