To All Part 2This is my second only post , and I have not...

To All Part 2
This is my second only post , and I have not trawled back through all of the history here, and nor have I ever appeared by another name.

I have been accused of scaremongering , by suggesting that by not contributing, will increase the chance of failure of our “best” read only hope.

Well, call it what you will, but a fact is still a fact..... And here are a couple more!!
Fact 1. (From prev post) Shareholders will see “NOTHING” if the “pinder bid “is not successful.

YES! Funds contributed to the “pinder“ bid are fully refundable, if not successful.

There are consistent claims of why one should not put additional funds toward saving this company, many of which appear to be madefor a number of reasons or ,by those who sadly, are not well enough informed.
I well understand and appreciate the sentiment and rational etc behind their position....

I would pose this question.....

From the perspective of ASOF as major creditor, and with the company in administration, ASOF might well have 2 options (one might argue 3).

The first, to be a friendly and also contribute to saving the company. The outcome ,in high probability would return for shareholders a fabulous outcome, for ASOF a spectacular return, and especially considering the % in the company they hold and then amplified many times over due to their ridiculously “low “ buy in price , including the cost of money etc,etc

The second, (read their DOCA) to take the hostile position they have, essentially leaving shareholders with zip (nothing new there), most other creditors get next to zip, then cleverly exiting with the IP and critically important items held back from the plant and equipment auction. Advanced fait accompli’
.
Of course, many would, and especially given the sentiment and enthusiasm held by so many associated with MST, rally to the cause.

Any party contributing funds to the pinder bid have the assurance that they are joining a significant thrust at saving and keeping all that MST stands for ,is , and will become , in Australian hands .

Yes there is my patriotic hand again. And thanks Muss24 for acknowledging that along with the fact that Australian business management is among the best in the world.

I personally, would agree with you on that, having lived, studied and been involved in a number of businesses in the US, as well as working in the UK, and yes, there are a number other of good reasons for not letting this tech slip away, as so many others have from our shores, not the least of the better deal for creditors ,including staff ,who have developed this technology ( blood sweat and TEARS )and of course not to mention the shareholder significant losses .

I won’t go on with such matters as Tax loss benefits, that would be a serious factor benefiting future profits , if retained ,or the debts owed by MSI. Both factors in the LOTS of millions yes LOTS and LOTS ! etc,etc

Moving along, I stand by my previous comments re: misleading and very out of date ,
The out of date info from and since the creditors meeting are misleading, BECAUSE, they are out of date.

My understanding is ,that the pinder bid / DOCA is a much improved ,more advanced , and favourable proposition than that previously submitted.
My understanding also, is that prior to submission all contributing ( not just funds) parties to the Pinder bid will be given the opportunity to consider their committment, relative to the new DOCA, and so the option to stay in.

Be critical if you must, at least we are trying not to die wondering.
It seems apparent there has been some frustration trying to make contact with the Pinder consortium and without rushing to the defense of that contact, may I suggest if there is any genuine intent to contribute some available funds that you try again.

Oh! Also for those inclined , do some SERIOUS research on ASOF, or perhaps even its twin.

Muss24 ,my comment “Ploy by an unfriendly” , in TO ALL
(my first post) was simply a perspective from which one might observe the informed if out of date position that was taken.
I fail to see why one would be so defensive “pardon the pun” given your understanding of such matters , your knowledge of the administrators documents and your indication that you are a friendly shareholder . Are you also a note holder..... Posed question.
Cheers
GOOD n U


The time has come the walrus said....