hcrabac I hear what you say - I always do - but your statement "have worked with so many companies as a consultant, I know the warning signs and what people do to hide a mess".
I don't know in what capacity you have worked as a consultant - I suspect financial, but have these companies been publicly listed and if so, have you been called upon to give evidence in any investigation?".
With reference to another statement - "This company has some massive warning signals. Directors bailing out on mass, and not being replaced the biggest giveaway".
When a company is facing financial hardship, they'll do anything to cut ongoing costs. MAE have a quorum - think that's the reason JC's still around - so there's money to be saved in not replacing directors (remuneration, etc). My take on it is that they simply couldn't afford to do so and could survive without them for the short term. Just my opinion.
MAE Price at posting:
1.7¢ Sentiment: None Disclosure: Held
