please urgently write to asic, page-5

Sorry it might have helped if I placed my letter in the post first LOL


To whom it concerns at ASIC.

It has been brought to my attention, a matter that needs your urgent attention, namely that Metalstorm, ASC Code MST, has not submitted the Audited accounts for 2012 and possibly the ones for 2013 as well, an AGM for neither year has not been held either, as far as I know this is against the law?
I understand ASIC gave the company Metalstorm Inc, an extension to the 2013 AGM which was granted by you in October 2013, an extension was granted until 30th April 2014.
So we shareholders have not been given any audited accounts for 2012 and the 2013 accounts are due very shortly, as you would be aware Metalstorm (MST) have been placed into Administration.

I am led to believe that the Administrators have applied for a court hearing to the Supreme Court, what concerns me about the Creditors meeting below, is section 3 “.if the company is wound up to consider the early destruction of books and records.”

I as a shareholder want to see the Audited accounts for 2012 and possibly the ones for 2013 as well, before those books are destroyed.
I believe we as Shareholders in this company have been treated very badly and it seems as if ASIC are helping them in some way?
Because the way I read this is that the books will be destroyed before we ever get to see them?

This is a copy of the Creditors Meeeting Notice ,
NOTICE OF MEETING OF CREDITORS
OF A COMPANY SUBJECT TO A DEED OF COMPANY ARRANGEMENT
Company details
Company: METAL STORM LIMITED
ACN: 064 270 006
Status: Subject to a Deed of Company Arrangement
Appointed: 22 November 2012

Meeting detailsNotice is given that a meeting of the creditors of the Company, or a meeting for each of the Companies, (for multiple companies), will be held:

Location: Institute of Chartered Accountants Brisbane
Level 32, Central Plaza One, 345 Queen Street
BRISBANE QLD 4000

Meeting date: 12 August 2013
Meeting time: 11:30 AM

(If multiple companies, see special instructions for meeting times)

AgendaAgenda items are:

1.to determine the remuneration of the deed administrator(s)
2.if the company is wound up, to consider the appointment of a committee of inspection and, if so, who are to be the committee members
3.if the company is wound up to consider the early destruction of books and records
4.any other business
The purpose of the meeting is for creditors to resolve whether:

a. The terms of the Deed be varied;
b. The Deed terminate;
c. The Deed terminate and the Company be wound up;
d. The terms of the Deed be enforced; or
e. Any other proposal permitted under the Act be approved.