I spoke to the administrators yesterday and learnt that MSC had...

I spoke to the administrators yesterday and learnt that MSC had some debts I wasn't aware of. Not substantial I think, and payroll tax being the one that broke the camels back. MSC has 5 weeks from the appointment of administrators to sort things out. That should be enough time for orders to start flowing in and money raised on the back of those orders. The bulk samples have been out there now for enough time for testing to be complete. They can then go to the bank on the back of those orders and LC's from the customers to get loans to pay back all the debts. I think the ATO debt was in the low millions. We should know more after the creditors meeting tomorrow and Vic should be back this week.
Logically it would be tragic for a company with a game changing technology that is a perfect solution for the world's greenhouse gas problem to fall over for the lack of a few million dollars. This technology alone would save the world from the greenhouse problem as cement production is responsible for 20% of the world's greenhouse gasses I think and this technology could eliminate almost all of that. MADNESS
Anyway we still have a little over 4 weeks for sanity to prevail and MSC to be resurrected. Don't lose hope although I have sleepless nights because if MSC fell over I would be wiped out. I have spoken to Vic and he is 75% sure of raising enough cash to carry on.