Fantastic, but clearly not a product we can depend on for the...

Fantastic, but clearly not a product we can depend on for the survival of the company in the near term.

Metal Storm needs to sell volume weapons, and as Lee has stated, that weapon will be MAUL (when these sales will happen is anyone's guess .. we're still waiting for PNG! What a bloody joke!). Apparently they need more money to produce MAUL in volume and commercialise it, beyond the capital injection resulting from the Luxinvest arrangement.

The company has stated that they need more money to commercialise the technology and put it into production. (In fact, this has been the mantra for many years now). Your valuation of the company in terms of share price has not considered this fact and we will see massive dilution beyond Luxinvest in my opinion.

It amazes me that people think buying this stock is such a great deal when so called 'sophisticated' investors get it for 20% less. Management has so much confidence in the company they barely hold a few thousand dollars worth of shares between them.