On one hand you are correct oneclip. However the administrator needs to meet with creditors and who does the mst owe the most money to at the moment? The note holders. By virtue of their holdings most note holders are also shareholders... At the very least its not like we owe the bank 15 million dollars. MST's creditors all have a very vested interest (ie thier own money) in seeing the company succeed or at the least get value for their money. If that means writing down of the notes by 50% and consolidating the shares and importantly Keeping control of the IP, then most people have already resolved to loosing thier money so why wouldn't they go for it?
It will come down to what the big players want to do ASOF and Andrew Doyle. As for the IP protection? If you noticed in the announcement the Administrator is keeping on all staff at present which means the IP lawyer. Additionally the Administrator would not let the real tangible asset of the company be exploited. It would defend it.
MST Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
