shareholder approval, page-3

Muss,

Careful not to take too many liberties with the written facts. The announcment said "may once again be placed into administration. In this event it is likely that the company would be placed into liquidation", which is very different to your definative and heavily modified version of what was said, ie "if the share issues etc did not proceed, the deed will have failed and the Company would be placed into liquidation". Clearly there is a massive difference between the word "may" and the word "would" in the context of what is written.

Firstly if shareholders voted against this then ASOF would have to decide upon their next step before the company was placed back into administration. ASOF would have to be willing to accept that the administrators might place it into liquidation and that the liquidators would likely sell up the IP if ASOF played hard ball and enforced the conditions. If they didn't want to take this risk then they would need to hatch another plan and put it forward. There is nothing stopping ASOF waiving the conditions precedent after a shareholder vote.

ASOF seem want to bypass this risk and thus are asking the ASX / ASIC for an exemption from even having to ask shareholder for their opinion. This makes your comment "MST/ASOF are being conservative, as required by ASIC, as they can't just assume the outcome of the shareholders votes, as shareholders are entitled to vote anyway that they see fit". Entitled yes but that doesn't stop MST/ASOF trying to eradicate this entitlement does it?

Before you abuse Intel for making what is a fairly reasonable remark you might want to get your own facts right. The tone of the announcement seemed to be clearly infer one scenario which they seem very much to fear. In fact I have some serious questions about this announcement which appears to state in no uncertain terms that liquidation "would result in no return to shareholders and most unsecured creditors". As the liquidation process hasn't started the company and ASOF can't possibly know what offers for the IP may be recieved during the liquidation. For all they know I might bid. How therefore are they able to predetermine how far the resulting funds would stretch and therefore who would get paid and who wouldn't? Unless they can demonstrate a definative and limited price that can be achieved this statement in itself would seem inappropriate and potentially impropper.

Like most here I want MST to succeed although I'm quite confident that my money invested so far is long gone and it will require me to put much more in to ever see anything tangible come out of it. I suggest however that Intel who is also a holder has good reason to make the comment that he did and no matter how many TUs you manage to get the premise of your criticism for him was in fact based on a false quote from the announcement and seemingly ignoring others. You have been the single biggest supporter of ASOF and their deals since the time they came on the scene. Is it really intel that is one eyed as you have tried to portray him?

You have the right to your opinion but please don't make false and misleading claims about what this announcement said. I'm sick of the tactic that you repeatedly use of substitution of one work for another thus changing the context of what something actually says. Loosey Goosy and money don't go well together.