My take on this is that it looks good for MST in the long...

My take on this is that it looks good for MST in the long run.

How I see it IMHO:

1 Gives more time to raise money for payout of creditors and accumulate capital to keep the company going.

2 Set up the company to move forward under new governance with finally getting the product out there and satisfying the expressions of interest.

3 Create a new board.

4 Keep the IP here in Australia.

5 Finally make some money for the share holders.

But its still a big risk. I, for one, feel more positive after sleeping on it and may increase my contribution ( I hope I don't live to regret it - but then that's business!).

The alternative is not good.

This is just my humble opinion and I'm no Warren Buffett so please as always weight it all up and make your own decisions. DYOR.