liquidation is a better option for us, page-3

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As you seem to have appointed yourself as the brightest tool in the tool box complete with crystal ball, regarding a compulsory acquisition, please explain in simple terms how we will get more money (or any money at all for that matter) under liquidation. As a quick clue remember the best offer as a going concern, under administration, was $100,000 after offering it to your larger entities. Please show where you get your valuation from? Even the last audited balance sheet did not show a value anywhere near your estimates. Normally liquidation results in a lower recovery than under administration.

You are aware that if the liquidator sells any proceeds, remaining after he gets paid and any statutory payments the balance if any, goes to the secured creditor. This also happens to be ASOF! So any extra windfall, under your scenario, will go to paying the money owed to ASOF. While a Liquidator acts in isolation he normally reports to the secured creditor he certainly does not have any, concern for, or contact with shareholders. Quick question would be then who is the winner?

While it seems that you are very much across the products patents and such, you also need to consider that MST is a company and as such consideration needs to be given as to how it all fits within the corporate world. Sometimes those who concentrate solely on only one side cannot reconcile the two.