Re " A major will scoop up the IP for a song, and rake in the money."
Toooooooooooooo Late... :)
MetalStorm:0 China:1
Foreign interest
In 2000 Chinese agents approached Michael O'Dwyer, inventor of the Metal Storm 'super gun' technology, and offered him US$100M to go to China to develop the technology. O'Dwyer refused and informed the Australian government of the approach. Since then the Chinese have developed the technology independently. The China National Knowledge Infrastructure (CNKI) has details of a variety of Metal Storm-related research and development activity in China, including Close-In Weapons Systems for ships, and Hyper-velocity Ballistic Missile Interception. The Chinese refer to their development efforts as 'Metal Storm' technology, with much of the research effort funded by the Central Government and conducted at Nanjing University.
http://en.wikipedia.org/wiki/Metal_Storm
MST Price at posting:
0.1¢ Sentiment: None Disclosure: Held