there's no movement at the station, page-28

One thing is for sure. Springtree's client(s) didn't strike up this deal with MST on a whim with their eyes closed and they didn't put up their cash betting on MST getting a contract overnight, else giveup and walk away from their money.

Assuming they knew exactly what they were getting into it would seem almost amazing that a deal which is supposed to provide MST with additional funding to allow it to move forward could basically fall over before it is even implemented and see MST not only having to repay the money early but also use a chunk of their remaining cash to pay the legal costs of the supposed saviour.

Its interesting that on the eve of being told to agree to defacing their own equity, holders still don't even know what conditions were / are attached to the original agreement let alone which specific clause was breached causing the funds of rights issue participants to be used to pay their legal costs and repay those that supposedly came to help. Not really the purpose that holders handed over that cash for was it but I'm getting off the point.

Myronc, in my last couple of posts I suggested that the MO would likely be to drive the SP down to 0.001 around the time of the approval of favourable terms for notes equity conversion. They need it to stay there for a few days to achieve the approporiate VWAP before then converting their notes at an additional discount also included in the proposed changes, ie 0.0009. The rest of the game plan is in those posts mate.

The volumes of stock used to drive the price down are significant. Who has that quantity of stock and does this suggest anything ?

If one assumes that Springtree knew what they were buying then one has to accept that they knew the ramifications of pulling their little "breach of contract" stunt. Yet they have chosen to continue with taking ownership of the notes subject to holders agreeing to the change of the related terms. Why move forward with that when you know that the fanancial position you have just put the company in, coupled with the last milking of the cow event means there is little chance of the company progressing as it currently is ?

If it looks like a duck and it quacks like a duck ..... well you decide. The description of how a duck walks is all to be found in those previous posts that we discussed.

There has been speculation about them wanting control of the tech as the motivation for gaining control of MST. What if they were alligned with a competitor ? Is it concievable that they are just interested in making sure MST aren't in a position to be awarded certain contracts that are due to be awarded shortly ? The cost of taking MST out of the picture at this critical time is next to nothing compared to the extra profit on selling a few of their own overpriced widgets. They don't have to shut MST down or kill it off, just stall things for a while. Taking control of the board would give them this ability and owning the majority of the shares provides the votes to achieve this.

I've said before that believed the best chance for holders was to vote down this change to the notes conditions but that ship has sailed. Nothing to be done now but wait for them to show their hand and hopefully prove me wrong.