I'd put money in provided:
1. There was no possiblity of further dilution of share capital and the problem with the notes is resolved. At present it is to the note holders advantage to keep the share price as low as possible and ransom ordinary shareholders.
2. I judged commercialisation was weeks or months away rather than years. (but I have been thinking this for years).
3. I had the funds to invest. I have put a sizeable investment into MST and seen most of it fritter away. I have kept averaging down and don't have much left to invest.
4. I thought others were investing so the company is properly funded.
The question is: is the company worth more than about $24m. I think the answer is yes. However, they need to attain sales soon. Otherwise there will be a change of ownership (through receivers) and we can wave our investment goodbye.
I'd put money in provided:1. There was no possiblity of further...
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