MST metal storm limited

Muss,We are all well aware of the complete failure of management...

  1. 4,032 Posts.
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    Muss,

    We are all well aware of the complete failure of management to satisfactorily explain the trail of failed transactions going back a number of years. I raise these points regularly so no point you pointing them out to me like I'm unaware of them.

    My questions re the role of ASOF are nonetheless fair and reasonable. Those events did happen and they happened in the sequence that I described. The fact that management have many questions to answer doesn't in any way, shape or form mean that we should just ignore the actions of ASOF. Good try though.

    As for the specific points you make, well there is more than a little spin being applied. For example you say:

    "It was the Directors that recommended approval of the original Notes to Harmony, and the new notes to ASOF, to the Shareholders, with a lower conversion factor of 90% of the last traded price, not ASOF"

    You can't be serious with that comment. The purchase of the notes by ASOF was a private transaction and nothing whatsoever to do with the company. Are you really trying to claim that the board woke up one day heard that ASOF were looking at an off market purchase of MST notes and just decided "hey, these guys seem nice, lets help them out and hold a special shareholder meeting in order to change the terms of the secured notes so that the equity value to the new purchaser increases by 500%"?

    Anybody believes that the board came up with that idea rather than ASOF then your probably still waiting for the US to find those weapons of mass destruction in Iraq.
 
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