pathetic deal, page-8

Yes, it's a shame but beggars can't be choosers. The rot started when CHF sold down and the management at the time did nothing. I'm also a long time holder, but the writing has been on the wall that this was going to happen and all we could do was sit by and watch it or pull out and lose. I am just pleased I'm not going to lose the lot. We may get cents compared to dollars, but even the cents might be worthwhile. I feel sorry for Mike O'Dwyer because he is the biggest individual loser - but then if he hadn't just kept selling down continuously over the last couple of years into a very very poor market the share price would likely have been higher and a better deal been able to be struck. It will be interesting to see how many shares he still has at the end of this month. Yes, the directors have made a lot of really bad mistakes particularly until Dr Finnear came along, but I expect that they & management have got the best deal they could for the shareholders given the circumstances prevailing now. If they hadn't worked hard at it, MST would now be in liquidation or have been totally taken over and we would have nothing. I just hope there are enough of us left to prevent a 100% takeover by the new investor. If we can at least do that we should be able to recoup investment in this company eventually.