guys, there is absolutely no wrongdoing on the part of MST. all...

guys, there is absolutely no wrongdoing on the part of MST. all the disclosures have been fair warning to anyone wanting to exit the stock. and what is also clear is that apart from the MOD reducing his stake, the rest have hung on if not added to their interests.

the management must have worked very hard to get financing and are now in a predicament coz a phillipines based company promised them something and is unable to deliver. it is exasperating to any professional to come across such schoolyard behaviour and having no choice MST had to put the 'receivership' situation out there in the name of fair disclosure and i am guessing a posturing to Assure management that time is running out.

however, for those that hold - today was a good indicator in that it is no longer between MST and Assure - but the banking intermediary that is delaying things.

and for those that know international transfers - maybe they can come up with reasons. but i know for a fact that international banks that deal with the US have to follow certain guidelines when dealing with fund transfers to certain organisations.

and my hunch is that the delay is coz MST is in the defence industry that extra care may have to be taken by the bank ...