here's some very interesting info, page-83

"MAE is NOT a real estate play,it is strictly a gas play."

you are continuing to get caught on technicalities that were resolved long ago.. i never said that MAE had real estate.. the pen sitting in front of me is my property - it is not real estate.. the gas projects in the USA are "property" of MAE..

you saying that MAE is a gas play is exactly the same as me saying it is an asset play (the assets comprising gas in the ground + infrastructure)

"there is a current assett deficiancy bc there is no gas."

no, there is a current asset deficiency because current payables exceed current receivables, cash & cash equivalents.. even if gas were flowing at 3mmcf MAE would still be current asset deficient.. gas flowing is not going to create current assets of $60m out of thin air until $60m of after-cost cash profits have been made

"You also used management as part of your valuation which is also wrong."

i disagree

"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."

and it seems as though you disagree with your own statement also.. is this your round-about way or agreeing with my original valuation? (the starting point of my "valuation" was the share price and market cap, which you are agreeing with takes into account a company's management)

"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."

again, for the 100th time, i don't need to provide a valuation report on MAE's assets - the FREE MARKET does it efficiently and effectively for me, and an independent research firm also came up with the same enterprise value - are you also asking them to justify?

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

bank support is continuing because if a fire sale were to occur today of MAE's projects, they believe they would get their money back dollar for dollar - as soon as this looks like no longer being the case they will pull the pin, take their money and run