MST metal storm limited

there's no movement at the station, page-27

  1. 293 Posts.
    Myronc ,feedback on the AGM would be appreciated.

    Pesa , Im starting to wonder if it is the New Yorkers intention to convert to shares ? What happens if there are no contracts or major funding soon ? The (1.5B) option overhang for new investors may be a deterent or concern.
    If MST run out of money are the New yorkers still contractually obliged to wait 3 years or can they demand to be paid the full original value of the notes.
    Just my speculation , say the best short term offer was $20 to $30M could the New Yorkers force an Administrator to accept therfore doubling there money in a short time frame ? Assuming they bought the notes for about half of their original value ,I dont know what they paid ? So my theory may be rubbish .I think the current Sec notes price is around 6 cents ?
    A more positive side (Im hoping )is the New Yorkers may well have a long term interest in the success of MST which is good for the company and the shareholders in the event of major funding and contract for sales soon. IMHO


 
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