Chemeq, Ventracor and Metal Storm had one thing in common....

Chemeq, Ventracor and Metal Storm had one thing in common. Australian investors buying for patriotic reasons and being misled. Chemeq misled as to the safety checks and animal weight improvement of their probiotic animal feed. Ventracor never told investors of lead problems with their artificial heart. It seems the gas sealing of one of Metal Storms munitions has been understated to shareholders. The administrators may see ways to bring to fruition the Colt contract but I won't hold my breath. I have had dealings with companies taken over by others after administration. The original problems remain and often no delivery of goods and no follow up if problems with goods. Colt will no doubt try to get any IP dirt cheap. I wonder what the Federal Government will do with the arms as they would be dangerous in wrong hands. Don't be surprised if something dramatic is done very soon re eliminating this risk. Who pays for MST security?
Lesson number one with high tech innovations. Avoid it if no sales after approaches to a company who are likely type to buy. All three companies gave misleading reasons for no sales.
No sales, product no good..