MST 0.00% 0.1¢ metal storm limited

stop the churn - have a rights issue

  1. 200 Posts.
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    I think we have all had enough of selected investors buying MST at 0.0009 or 0.0008 cents per share and immediately selling them at 0.001 or holding out some shares for 0.002 in the queue. That's a nice little profit of at 10-20% plus - in next to no time. Do that every time there is a subscription agreement and you are making big bucks with a little outlay at no risk. All you need to do is keep a bit of pressure on the stock price to keep it at 0.001, eke out enough $ to keep MST afloat until the inevitable big announcement, and make the frustrated sell. The gravy train continues. When an announcement is finally made you also make a killing because undoubtedly you have been making so much money out of MST that you can afford to hold a few for the medium term.

    I now advocate MST have a small rights issue. I see there is 138 investors willing to pay up to 0.001 cents per share. Instantly, the new floor price will be 0.002 because of the above churning will not be taking place.

    I bought some more MST at 0.001 and would like to buy some more, as I believe MST has a terrific product suite and is on the cusp of a major announcement. However, I will need an undertaking from MST that they will not have a consolidation until after a major announcement and share price improvement otherwise the churners will be back.

    The benefit of a 0.001 price is that it cannot go any lower. These churners have been artificially decreasing the share price for their own ends. Its about time all shareholders were given the same opportunity.

    A smallish rights issue at may be up to $5000 each. should relieve some pressure on fund raising.
 
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