Perhaps I am stupid, but I read your comment (below), and I also...

Perhaps I am stupid, but I read your comment (below), and I also read the AGM report from Lee, and it strikes me as being bloody terrible... sorry, I just don't see the positive aspects of not having money to defend patents and having patents expire; they are basically the life blood of our company!!!!!!

---> "One important issue I would highlight relates to a recent concern by some about the patent expiry story. Lee's excellent summary identified that a major early patent from 1994 by the original inventor MOD on 'wedge sealing' is due for expiry in 2014. However MST has moved on from that issue and no longer uses that type of sealing in their stacked rounds, so this expiry is not a risk issue at all. Apparently in the past year they have filed another 12 new patents and so patent protection is very much kept up to date, and focuses on more effectively protecting what really needs to be protected. As we have noted before, patent protection issues continue to cost the Company around $250K+/month, so our investment is as secure as it reasonably can be on that front. "

Also, this from the CEO bulletin -->

"A few of the earliest metal storm patents are now coming to the end of their 20 year life. Primary
among them is our WEDGE SEALING PATENT, due to lapse in 2014. We no longer use wedge sealing in
our products and so this will not be missed. As we continue to patent new ideas, and derive new
claims from existing patents to better protect our products, our portfolio is becoming less costly but
more effective at protecting what really needs to be protected."
HA! So let me get this straight, Metal Storm's wedge sealing patent is going to expire and they think it's not important ... right. Isn't this for low pressure applications, like shotguns? Some of bashers on Yahoo kept smashing this one in relation to high pressure applications, but it makes me think it must still have legs in other areas (specifically low pressure applications). Why doesn't Colt just wait till 2014 and use that instead of MAUL? Frankly, this isn't looking good at all and is heading towards downright disastrous!