promises from march 2007 ceo bulletin

March 2007 CEO Bulletin

http://www.metalstorm.com/component/option,com_docman/task,cat_view/gid,37/

Before I post my thoughts, let me say I am heavily invested
in Metal Storm and have never sold any.
The company is the furtherest advanced it has ever been with it's technology.

Timeframe and Finance are the only enemies.
Now if the timeframe put forward by the CEO (Not by me) had been met we would now be coasting.

I am amazed this post was completely ignored (Not positive but honest)
A poster made the comment do not look back. Surely the first thing you look at is the performance of managemt prior to investment.

This is just part of the bulletin. The more you read the more you learn about the promises made at this time.

Have they been met???

FUTURE STRATEGY

I am adopting a strategic framework within which Metal Storm will plan its future. It is simply called
NOW NEXT AFTER NEXT, and defines the next three phases of the life of the Company:

NOW up to June 30 2007 Meet the performance and financial requirements of the
agreement with the Convertible Note Holders

NEXT July 1 2007 to June 30 2008 commercialise 3GL and RedbackTM systems for delivery.
Make first volume product sales and substantially increase the scale of US Government
contract business

AFTER NEXT July 1 2008 to June 30 2010 Rapidly expand product sales, move additional
weapons systems to commercialisation, significantly improve revenue and net income.

Have the timeframes been met, have the promises been met? 07/08 were going to be the big years

07/08 commitments to the shareholders have not been met yet.

Are we talking about the same management team and how brilliant they are.
How far behind the promised FUTURE STRATEGY are they at this time???

I'll put it here again. How far behind schedule. Oh yeah brilliant.

NEXT
July 1 2007 to June 30 2008 commercialise 3GL and RedbackTM systems for delivery.
Make first volume product sales and substantially increase the scale of US Government contract business

Sorry if this offends, sometimes being honest does.

A realist, I would think so.