I think so...."Metal Storm is now gearing itself as a weapon production company, rather than just a weapon R&D company." That's what we want to hear.
"As part of this process, and within our financial limits, we are gearing up our business development capabilities worldwide." Financial limits are still a constraint and will be unless we get that extra cash in the tin from the current proposals. It would be nice if there was more again.
On the rights issue, "Using part of this 'back-up' we placed all remaining shares under the Rights Issue, bringing the total raised to 100%, at just over $3.1M." So it wasn't naturally fully subscribed, I guess because MOD et al didn't take up their rights. Hence AWD stepped in. And he has kept his holding.
The storm is becoming a cyclone/hurricane.
I think so...."Metal Storm is now gearing itself as a weapon...
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