As a newbie poster I've been a long term holder of MST since the $1.68 days around 2002 or so. Been to a few AGM's - have steadfastly been a true believer about the potential of the stock. Participated in the SPP, and more recently took a deep breath and tipped in for some significant extras in the Rights issue just completed. Overall I've parted with well over $230K, but somehow maintained my sense of humour, although unsurprisingly my wife sees nothing amusing about it. Bottom line now is my overall breakeven (after converting my new Rights options to shares) will be around 20c. This may seem too high to some, but is dramatically better than what I have been staring at for years, let me tell you. Still, it probably looks ordinary to recent people who have bought in at close to the current terribly low prices. Now that we 'might' be turning the corner, I just hope there isn't a takeover immediately looms up at 5c or 10c or something, before the stock reaches anywhere near its potential!
One thing that does concern me is the extraordinary (?) state of MST dilution right now. Will we need a 1:100 share consolidation (or worse) soon? Would love some experienced players to comment on this point.
Meanwhile I too can say (as some others do) - I have, I hold, I wait. It has been nearly a decade - lets hope it doesn't end in tears.... Good luck to all.
As a newbie poster I've been a long term holder of MST since the...
Add to My Watchlist
What is My Watchlist?