The way I understand it, and I may be wrong, but Luxinvest...

The way I understand it, and I may be wrong, but Luxinvest failed to deliver the funds last month, precipitating a cashflow crisis hence the administrator.

There are now two options - liquidate the company - we all loose

Or keep it as a going concern.

The administrator has two proposals it seems - see earlier on this blog. one form Lind which leaves the shareholders with potentially nothing and the other which Lloyds is submitting on the behalf of a group of metal storm friendly investors who want to keep it on as a going concern with the IP and production. the SH's are kept on board and the company trades again.

I dont know the details of the proposal and I suppose it is still a fluid thing right now dictated by how much money is flowing in - but they want to keep the SH's on with as much value as possible. There is no prospectus it seems - there is no time.

Personally I dont see any conspiracy and IMHO there is only one choice for me unless I just walk away.

I have contacted Lloyds and will be making a contribution to invest because i see a future for MS but don't necessarily do what I have done - this is not advice as I am not qualified to give any but just my views for what they are worth.

DO your own research, make your own decisions, My crystal ball fogged over long ago.................