It is looking more likely by the day that the directors will put MAE into administration in the coming week or 2...They have known for months now that they needed to raise cash to continue as a going concern....they only had $400k left 4 weeks ago and based on last months cashflow report were spending $100k a week and were not it would appear paying a fair whack of production costs and definately not paying interest on the loan which they have not done for some time now and I suspect have only gotten away with due the fact the bank really does not want Maes assets(liabilities)...
Wouldnt be surprised if we see the pin get pulled in the next few days....all over I suspect..
MAE Price at posting:
2.6¢ Sentiment: Sell Disclosure: Not Held
