Finally we have some positive news. As I read the announcements I can see the following:
1. MAE has a new director. Most likely appointed April 2013 not 2012. Await confirmation of error.
2. MAE has issued $1m of new options at $0.006c expiring in April 2014. I assume it may be a Convertible Note that will be converted to options. Again await confirmation.
3. There are interested parties who are will to fund MAE's future.
4. MAE will relist most likely 3rd quarter of calendar 2013.
5. Court action most likely has been resolved. Confirmation required.
6. MAE has been resurrected from the dead. Confirmation will follow soon.
Hopefully this time round with a new funding partner and new directors coming on board ( subject to JV announcement) we may see MAE's sp pushed higher. Shareholders with book losses will smile again.
H and L .... please share your views. Thanks
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