the opportunity, page-21

totally agree the costs of capital raising need to be considered along with the dilution effect.

Also they have current liabilities of $15 Mill and the only way they can proceed is by negotiating terms with their creditors.

Now if you were owed a lot of money for services provided would you still be offering up credit terms?

Likewise their situation would be well known amoungst supplies and services companys its unlikely they would offer big or long credit terms.

The proof is in the fact that even MAE ann has stated that the shortage of funds and cash flow had crippled their operations plan in the last 6+ months . Remember Jay S was going to have gas flowing by last Jun but then he had no money to work with and delays due to finance, wells, leases etc.

MAE is wrapped up in so much red tape and has such a serious cash flow problem that its unlikely they can do business effectively anymore.

In all seriousness the whole idea of a capitalist market based system is that companies like this should have folded long ago.