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Metal Storm Limited Message Board

  • magalmaniac magalmaniac Feb 4, 2006 6:44 AM Flag

    I see positve for the Deal was Cancell

    ed. I have a strong feeling that the deal was cancelled by MOD and the company not becos of failure that anyone was interested, but becos the deal also included a rights issue. I think the board might have received another proposal and of higher value from wither EOS which is awash with cash now or from Singapore Technology partner who is on a acquisition spree. Nov 05 is when EOS agreement was signed if you had failed to notice. There is a possibilty that they might have asked MTSX to demonstrate the weapon system and once it is completed in the next few days you are going to hear that the white knight has agreed to infuse capital into MTSX as also buy EOD's have shares at a premium. This is exactly what SIFY did. Go take a look at SIFY where an investor agreed for the same concept as i am talking about. The shares where at 5.60 now it is 12.00.

    As always do your DD......I did mine and this is my conclusion. I think it is going to be positive henceforth.

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