these people look for any reason to bash mst, page-25

The legal fees paid by MST for the supposed breach didn't rank highly in my thinking. The fact that the $230K that was paid and labelled as an early partial loan repayment didn't lower the outstanding loan did. That made it sound like some kind of extra penalty or a gift to ASOF. They organised a loan of $700k for a fee of $350K, then got an "extra" payment of $230k (plus some amount for legal fees) and still have $700k of new shares to come at a huge discount to what any shareholder has ever paid.

We may never know if the deal to buy around $13 million (face value) of notes is going ahead or not. That is a private deal external to MST. With the change in the conditions to convert the notes they are worth many times the original price but only if the company survives.

Someone will make money out of this deal but it won't be us little shareholders who have been propping up the company for years.