MST metal storm limited

I figure that it's now 4pm in Brisbane, and I'm expecting that...

  1. 2,977 Posts.
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    I figure that it's now 4pm in Brisbane, and I'm expecting that like most other places, business closes at 5pm..
    Sorry to see this going down to the wire once again, which it is.
    If we don't get an announcement in the next hour, would I be correct in assuming the agreement is a non event..





    Mr Robert Rivero, the principal in the transaction, is based in Manila, Philippines along with his
    associates and legal advisers. As you may have read in other media reports, Manila was struck
    by Cyclone Mirinae on Friday which reportedly caused widespread damage. This, combined
    with the bank holiday in Manila on Monday has delayed the processes necessary to complete
    the first equity tranche.
    Given these circumstances Metal Storm did not receive the first equity tranche of USD1.925
    million yesterday and has agreed to extend settlement of the first equity tranche to close of
    business on Friday, 6 November 2009.
 
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