The notes have a face value of about $13,216,859. The price paid...

The notes have a face value of about $13,216,859. The price paid was an off market deal and will probably never be made public.MST still has the same obligations towards the notes no matter what was paid.They are still worth $.135 each so each note is worth 150 MST shares at $.0009.If the share price ever increases they will get fewer shares for their $.135.

I'm sure they paid well under face value so with the change in the conversion formula used they will make a very good return on their investment.
I don't think any of the notes have been converted yet but they give ASOF a huge grip on MST.

The recent shares purchased were under the convertible security agreement and,to a large extent,were financed by cash Metal Storm gave them.

All IMHO only.....