Given that the price has now dropped to a 52-week low of 10.5c, does anybody seriously think that a capital raising at 15.0c has any chance of succeeding?
I hope this is some clever ploy by MAE management to deliver a substantial interest into the hands of a friendly bidder posing as underwriter - because otherwise, they are just complete tools whose only skill seems to be the unrelenting destruction of shareholder value.
Anybody think an offer of $1+ for a sale is still in our future? Personally, I'd be happy to sell mine for 20c... and even that is looking very unlikely at this point.
Not happy!
MAE Price at posting:
10.5¢ Sentiment: None Disclosure: Held
