here's some very interesting info, page-82

there is a current assett deficiancy bc there is no gas.
You also used management as part of your valuation which is also wrong.Where management has a role in every valuation is through their performance which is reflected in the stock price.The better the management,the better the stock price the bigger the asett value.Poor management is reflected in the sp which inturn decreases value.
Who here believes mae Board did a fantastic job but just had bad luck?
MAE is NOT a real estate play,it is strictly a gas play.The valuations provided were heavily based on independant reports indicating probable gas reserves.To suggest that if the reports said reserves were 5mcf,the valuation would have been the same as 50mcf is wrong.Mae is valued in accordance to gas.

So in the event no more gas can come out and that is ALL there is and a fire sale was to occure,then every downramper is right bc mae would be a dead duck.Considering the hundreds of millions already spent on this baby its fair to say mae aill not be an attractive propostion in the gas markets.Please provide valuation reports to justify your claim that mae real estate is worth anywhere near $60MILLION bc thats all they would have left in that situation.

But that's not the situation at all as bank support is continuing so why do you think that is ?

just my opinion