Rang
Its quite simple
1. MBN going ok however costs are getting higher as NI falling.
2. Major customer pulls out setting into effect defaults.
3.Company prudently suspends stock and rightly so as it teeters at 1.6 cents down from a few dollarsa dn needs to sought out with creditors.
4.Company placed in administration pending deal with noteholders
5. Deal struck with creditors to inject funds via noteholders.
This is simple, i see no mess its just a process.
Please keep in mind Management and directors had their hands tied when creditors and defaults triggered imo.
No fault of their own
I will leave it at that in simple terms a good luck all.On a positive note,Things will turn out for the best, they always do.
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