MST - Metalstorm Limited
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I own shares in MST for sometime now and not happy so far.
Despite that US NAVY contract has been awarded nothing exciting has happened to its price
DJ.AJAY do you have any opinions on the current status?
Well, MST is a blast from the past. Did my dough on this 19/10/2004. They were trading at 0.325, sold at 0.265 and then the rest at 0.18 - one of my early bad mistakes.
So_Cynical
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All the potential buyers have looked and tested and no 1 really wants it
its a 1 shot gun, it sure is a big shot, but thats the prob.
its a 1 shot gun, it sure is a big shot, but thats the prob.
Sdajii
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MST - Metal Storm
Anyone been watching these guys?
Their price has done some pretty serious bouncing around in the last two months, with a massive jump in price, up about 200% a violent crash down about 70% then a more modest jump back up to where they were before the gymnastics started.
What do people make of the frequent "We didn't get our money, but it will be here tomorrow" announcements, followed by the same thing the next day, etc. Once again, apparently the money will arrive today! Once again, I expect it won't. If I was a little bit more of a gambler and didn't mind the karma of investing in a weapons development company I might be tempted to jump in just for fun! I'm sure if that money turns up (you know, it's sort of ironic, surprising and amusing that someone would try to rip off a weapons company!) the share price is going to jump back up. Of course, if the money never arrives, maybe the guys with the guns are dead.
Thoughts?
Anyone been watching these guys?
Their price has done some pretty serious bouncing around in the last two months, with a massive jump in price, up about 200% a violent crash down about 70% then a more modest jump back up to where they were before the gymnastics started.
What do people make of the frequent "We didn't get our money, but it will be here tomorrow" announcements, followed by the same thing the next day, etc. Once again, apparently the money will arrive today! Once again, I expect it won't. If I was a little bit more of a gambler and didn't mind the karma of investing in a weapons development company I might be tempted to jump in just for fun! I'm sure if that money turns up (you know, it's sort of ironic, surprising and amusing that someone would try to rip off a weapons company!) the share price is going to jump back up. Of course, if the money never arrives, maybe the guys with the guns are dead.
Thoughts?
skc
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Re: MST - Metal Storm
This is so sad... how many times can you stuff up a money transfer? And it's only $2m or so. You think they could have just sent a bag of money with a carrier pigeon and it would have arrived by now. If that's the kind of investor MST is dealing with, the future sure looks bright for them.
Sitting on the sideline watching I found it quite funny, but I feel sorry for anyone who is a long term investor.
This is so sad... how many times can you stuff up a money transfer? And it's only $2m or so. You think they could have just sent a bag of money with a carrier pigeon and it would have arrived by now. If that's the kind of investor MST is dealing with, the future sure looks bright for them.
Sitting on the sideline watching I found it quite funny, but I feel sorry for anyone who is a long term investor.
Knobby22
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Re: MST - Metal Storm
Its looking a bit terminal.
The sad thing is they have finally got the product but where are the deals?
They should get rid of their limitations and start selling to India, China and the like if the USA won't support. I bet that when they become insolvent the owners will become a US based company.
I don't hold.
Its looking a bit terminal.
The sad thing is they have finally got the product but where are the deals?
They should get rid of their limitations and start selling to India, China and the like if the USA won't support. I bet that when they become insolvent the owners will become a US based company.
I don't hold.
McCoy Pauley
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Re: MST - Metal Storm
I suspect that Metal Storm will have agreed to covenants not to export their products to such countries pursuant to their contracts in order to comply with US law. The USA has laws in place that prevent companies from exporting to countries the USA don't like very much and, in relation to weaponry, that list of countries might be very long.
I suspect that Metal Storm will have agreed to covenants not to export their products to such countries pursuant to their contracts in order to comply with US law. The USA has laws in place that prevent companies from exporting to countries the USA don't like very much and, in relation to weaponry, that list of countries might be very long.
So_Cynical
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Re: MST - Metal Storm
They have had the product "the technology" for years...as ive said before, every credible, potential buyer has tested and evaluated and passed....there's simply no where for this company to go.
They have had the product "the technology" for years...as ive said before, every credible, potential buyer has tested and evaluated and passed....there's simply no where for this company to go.
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22% move today based on a small contract to the PNG Gvt,
additionally a rights issues for another 3,100,000
additionally a rights issues for another 3,100,000
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Whilst I think going for WOWs Home Timber & Hardware wholesale business is a good move, It's more like a walk to first base not a home run.
Looking to get short again.
See how it closes since I missed it at 2.20.
They will have to raise capital to buy it. SP $2.11
Looking to get short again.
See how it closes since I missed it at 2.20.
They will have to raise capital to buy it. SP $2.11
pixel
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Consider yourself forgiven, Notting
MST has been shot dead years ago. But if you're thinking Masters is now MST - no, it ain't MST
skc
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Lol... How did you managed to find this old thread.
For a moment I thought MST has came back from corporate graveyard...
RIP Metalstorm.
Knobby22
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Got me wondering who owns the company now.
It got taken over by DefenTex a private company based in Moorabbin Victoria. Who the directors are is unknown.
MELBOURNE, Victoria – August 12th, 2015 - DefendTex today has announced that it has acquired all of the assets of MetalStorm Pty Ltd and MetalStorm Inc from liquidation. This includes the patents, intellectual property, trademarks and weapon prototypes including the highly regarded MAUL and 3GL.
“We are looking forward to commercialising the long held potential of the Metal Storm technology” said Travis Reddy, DefendTex’s CEO. “As an Australian company we are proud to have secured this innovative Australian developed technology and look forward to further developing a small arms manufacturing base in Victoria in conjunction with the wider defence industry.”
DefendTex will market the unique stacked projectile, electronically fired weapon systems under its existing brand. This technology provides unique advantages to law enforcement and military customers by significantly reducing the weight and complexity of weapon design through the removal of all moving parts. This results in a dramatic increase in the rate of fire and removes the possibility of a weapon jamming due to mechanical and environmental issues.
DefendTex is an Australian based weapons research and development company concentrating in the fields of small arms development utilising new fabrication techniques to facilitate the rapid testing and manufacturing of new design
It got taken over by DefenTex a private company based in Moorabbin Victoria. Who the directors are is unknown.
MELBOURNE, Victoria – August 12th, 2015 - DefendTex today has announced that it has acquired all of the assets of MetalStorm Pty Ltd and MetalStorm Inc from liquidation. This includes the patents, intellectual property, trademarks and weapon prototypes including the highly regarded MAUL and 3GL.
“We are looking forward to commercialising the long held potential of the Metal Storm technology” said Travis Reddy, DefendTex’s CEO. “As an Australian company we are proud to have secured this innovative Australian developed technology and look forward to further developing a small arms manufacturing base in Victoria in conjunction with the wider defence industry.”
DefendTex will market the unique stacked projectile, electronically fired weapon systems under its existing brand. This technology provides unique advantages to law enforcement and military customers by significantly reducing the weight and complexity of weapon design through the removal of all moving parts. This results in a dramatic increase in the rate of fire and removes the possibility of a weapon jamming due to mechanical and environmental issues.
DefendTex is an Australian based weapons research and development company concentrating in the fields of small arms development utilising new fabrication techniques to facilitate the rapid testing and manufacturing of new design
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