Oneclip, there is so much we haven't been privy to, I believe we...

Oneclip, there is so much we haven't been privy to, I believe we have been kept in the dark deliberately, I remember a few years back now when the directors of metalstorm sought legal advice, I would like to bet that the legal advice revolved around them being unable to tell us what is actually happening, I am not saying it is deliberate, what I am saying is that they are in a difficult situation where they can't say anything, if any blame is to be sheeted home here it belongs to the US entirely in my opinion and perhaps with the Oz government to some extent.

I posted some of what you say to Lee with respect to the USMC testing the MAUL, he sent me a repy that indicated that he had Ccd a copy to Mr Faulkner re my question,he said he was not aware of it but he would endeavour to find out, I never received a follow up reply, but then again I didn't really expect one, because it was at that point that the penny had fully dropped, for me anyway, I don't believe they were telling us the whole story and haven't for a long time now.

ever since this I believe!

http://www.sec.gov/Archives/edgar/data/1119775/000095013003002818/d6k.htm

ARLINGTON, Virginia - March 20, 2003: On 14th March 2003, Metal Storm Limited requested the Australian Stock Exchange to halt trading in Metal Storm (NASDAQ ticker symbol: MTSX and ASX trading code: MST) stock. In conjunction with the trading halt on the Australian Stock Exchange, Nasdaq was requested to halt trading in the ADRs prior to the opening of the market on 17th March.

Metal Storm requested the trading halt to enable the company to consider information found on the US Defense Advanced Research Projects Agency (DARPA) website that identifies a new element of DARPA’s involvement in the development of Metal Storm technology and concepts, with respect to a program titled the Mach 5/50 Technology Development. The information is contained in a public document titled ‘Fiscal Year (FY) 2004/FY2005 Biennial Budget Estimates’ and dated February 2003. Prior to the publication of this information on the DARPA website, Metal Storm was not aware that information regarding the Mach 5/50 program had been made publicly available.

Commenting on the information, Mike O’Dwyer, President and Chief Executive Officer, said, “We were not advised that this information was to be published as unclassified information on the DARPA website and we have been seeking to properly understand the ramifications of the publication of this information since the publication came to the company’s attention.”

“The tenure of the program extends over 4 years and has been funded by DARPA to a value of approximately A$9.7M (US$5.8M). The scope of the R&D program is complex and even though DARPA has published details of the Mach 5/50 Technology Development program, Metal Storm at this point has not agreed to the terms and conditions proposed by the relevant Australian government agency for the company’s participation in the program.”

It should be noted that Metal Storm is entitled to royalties from any related program which utilizes the company’s technology. Given the complexity and tenure of the program, Metal Storm expect that it will take some time before it is in a position to advise on the outcomes of ongoing discussions with DARPA and the relevant Australian government agency and therefore assess the impact for the company.

With this release informing the market of the current situation, Metal Storm has requested the ASX to resume trading the company’s securities.

To view the information regarding Metal Storm on the DARPA web site, please visit http://www.darpa.mil/body/budg.html. The document is titled ‘Fiscal Year (FY) 2004/FY2005 Biennial Budget Estimates’ and the information is found on pages 383 and 384. These pages are reproduced below.