Vinekeeper,I agree it is strange that we have not heard anything...

Vinekeeper,

I agree it is strange that we have not heard anything regarding the exemptions as I would have thought that these would have been discussed with the relevant authorities before the DOCA was proposed. I suspect that it may well be ASX that is holding things up as they wait for Board meetings to approve exemptions. It is a possibility that they may not be happy with the quantum of the re-capitalisation of MST to allow the re-listing. Given that this needs to be sorted by end of May we should see something soon otherwise they need to get notices out for the meeting etc.

The sections of the Corps Law relies on the fact that the shareholders had voted in favour of the dilution on the basis that they had approved the note issues knowing full well that in the event of exercise of the notes that they would be diluted. I don't think it is a case of dice and slice, as I said for some it is more a case of reality bites and are not happy.