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MST, METAL STORM LIMITED
clark888
post Posted: May 12 2016, 07:33 PM
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In Reply To: 10fingers's post @ Dec 15 2015, 02:26 PM

http://www.defendtex.com/press-releases-1.html

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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"The question is not what you look at but what you see." Henry David Thoreau 1851
 
10fingers
post Posted: Dec 15 2015, 02:26 PM
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In Reply To: jimmy's post @ Dec 11 2015, 10:59 AM

Jimmy,
Do you know the name of the company that bought the IP?



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10fingers (Actually have 8 fingers & two thumbs) Just in case you are interested.
 
jimmy
post Posted: Dec 12 2015, 12:02 PM
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In Reply To: normanh2's post @ Dec 5 2013, 02:13 PM

Did you notice mst tech and ip sold

 
jimmy
post Posted: Dec 11 2015, 10:59 AM
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Metal storms assetts aquired by company in australia Everything including IP Wonder what they paid and if any chance of us getting some money back? Company is defendertex.

 
mrbear
post Posted: Nov 23 2014, 09:21 PM
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In Reply To: Bill Gates's post @ Nov 21 2014, 05:54 PM

Ironic,a stock that has had so many views and posts is worth zero.
Also ironic that the people that ran this company ,promised so much and threatened so much to a lot of people,is still worth squat,cheers mrbear

 
Bill Gates
post Posted: Nov 21 2014, 05:54 PM
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shares officially worth zero now, so can be used as capital loss.
Notes still may get something back, depending on how much can be obtained from MST Liquidation.

what a waste!



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[b]DARN, DARN, DARN, DARN! [/b]
 


normanh2
post Posted: Aug 19 2014, 02:48 PM
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In Reply To: iamporky2's post @ Aug 19 2014, 02:03 PM

I wish you the best of luck with shares trading at .006.

 
iamporky2
post Posted: Aug 19 2014, 02:03 PM
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Sorry, guys, I still have a chance.

My shares are ADRs, still trading.

I can see no problem with the TEC.

I can see problems with partnerships.
AVRO AERO - Cnd/USA - Top TEC to a Purchaser.
Malaysia - anyone

This stock is still being screwed with, Today 2000 shares @ .006 is $12
It costs me $25.00 per trade, who's trading $12.00 worth of stock?


Said 'Thanks' for this post: cliffhardy  
 
normanh2
post Posted: Jul 9 2014, 01:41 PM
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In Reply To: jimmy's post @ Jul 9 2014, 12:36 PM

I received the following letter from Adam Shepard of Farnsworth | Shepard which is self explanatory -- I tried to insert a scanned copy of the letter but unfortunately without success :

COPY STARTS

farnsoworth | shepard


Our ref : AY/META/600

30 June 2014

TO THE SHAREHOLDERS AS ADDRESSED

Dear Sir / Madam,

METAL STORM LIMITED
A.C.N. 064 270 006
(SUBJECT TO DEED OF COMPANY ARRANGEMENT) ( " the company" )

As you are aware , Adam Farnsworth and I were appointed Deed Administrators of the Company on 22
November 2012 having previously Voluntary Administrators on 26 July 2012. Adam Farnsworth resigned
as joint Deed Administrator of the Company on 11 September 2013.

In accordance with Section 104.145 of the Income Tax Assessment Act 1997 and a CGT Event G3, the
Deed Administrator declares that there are reasonable grounds to believe that there is no likelihood that
the Company's ordinary shareholders will receive any further distribution in respect of their shares.

The effect of the above is that ordinary shareholders have no ongoing economic interest in the Company.

Please note that this declaration only relates to the ordinary fully paid shares of the Company
( formerly quoted on the ASX under the security code - "MST" ).

Ordinary shareholders are encouraged to seek professional advice in respect to the tax consequences
of the above declaration.

Should you have any queries regarding the above , please contact Alister Yee of this office.

Yours faithfully ,

METAL STORM LIMITED
( SUBJECT TO DEED OF COMPANY ARRANGEMENT )

Signed

Adam Shepard
Deed Administrator

Chartered Level 5
Accountants 2 Barrack Street
SYDNEY NSW 2000

COPY ENDS

As an ordinary shareholder this letter says it all -- my investment just disappeared !!!





 
jimmy
post Posted: Jul 9 2014, 12:36 PM
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In Reply To: jimmy's post @ Jan 27 2014, 07:52 AM

Noticed MST have a very fancy new website with careers section calling for new talent. What the hell is going on Are we still alive?

metalstorm.com




 
 


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