Very good, Myronc. Enjoyed your post.I did a little digging of...

Very good, Myronc. Enjoyed your post.

I did a little digging of my own over the weekend and am satisfied that Jeff Easton, while ex-Springtree, is no longer associated with Springtree in any professional sense, and certainly not as regards the MST deal. He left to set up his own shop and MST is his first deal. Likes Australia and likes the potential.

Same building etc? Well, I've known a few investment bankers over the years, still do, some are fairly heavy hitters on the Aussie/NZ scene, and all I can say is that it's a highly connected kind of industry. Networks and all that. Not trying to be flippant, but it is what it is.

So how the Lind deal works as a 'saviour' is simply that - it is what it is. New cornerstone investor likes the potential he sees in MST, has a minimum 3 year window, takes on large portion of the notes while forgiving a significant chunk thereof, while also investing cash and providing advice and expertise re much needed long overdue capital restructuring. All of which takes off the huge and untenable pressure that MST has endured for years now re the notes, which, had they needed to be re-paid come March, would in all likelihood not have been, and the company would go into administration.

Added bonus of course if that said new investor now has significant skin in the game and is working to see a commensurate return on that investment for the risk involved.

Hypothetical, maybe, so we just have to wait and see. But without them I'd say we were verging on a very unpleasant situation which none of us want to see.

Likewise, unless and until the takeover by stealth scenario plays out, it is just another hypothetical.

Yet another hypothetical is that certain of the major Top 20 holders have been sounded out re the CR, which often happens, and with one eye on the deal pipeline, the company is reasonably confident that the CR will be a success. How much of a success remains to be seen. But what say they get most of what they are after - say $5 million. Then what? Current market cap is $6 million, so it has to re-rate, unless the market views the IP as worthless, which it does not.

Company is also better funded than it has been for years, some might even say securely funded, certainly in the medium term and certainly well enough funded for the likes of Colt to say, okay, let's do some business together.

At which point the market suddenly wakes up to the fact that a pre-eminent American company, venerable if not legendary in its industry, has jumped into bed with the legendary little Aussie battler against the most daunting of odds that is MST.

Then what?

Domino effect comes into play, and not things falling over, more that all the deals that are in play right now start falling into place.

Then what?

Shareholders are starting to congratulate themselves for having the fortitude and yes, mental toughness, to see this thing through

Hypotheticals notwithstanding, my bottom line is this. I believe that Terry O'Dwyer and Lee truly value their loyal shareholders and are fighting tooth and nail to see the company not only survive, but prosper.

In this respect I do not believe they would knowingly and willingly be complicit in any deal that sees shareholders shafted.

Truth is, when you are not dealing from a position of strength, you have to make the best of what you've got. That is what this deal is. For the military minded boys on this thread, they are fighting one helluva rearguard action.

My money is on them not being overrun.