MAE marion energy limited

In my 20 years of trading shares I have never seen any company...

  1. 2,935 Posts.
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    In my 20 years of trading shares I have never seen any company not pay its invoices for 9 months, and still trading on the ASX.

    If they run out of cash they will be forced into a trading halt.

    Its only a matter of days before they run out of cash.

    Also how are they paying their electricity bill, but not their other suppliers? Preferential payments will see directors in their own court battle.

    Why are the Elctrical Contractors taking Marion to court?
    How much will that cost just in legal fees?

    The RI is horribly late.
    Its clear management will not place the company into voluntary administration, and I would suggest this is why 4 directors have jumped. If you fail to put a company into voluntary administration when you should have, directors are personally liable.

    If this goes belly up the remaining directors are going to have a lot of explaining to do.

    Four Directors left for a reason.
    Pretty sure that was the day they should have put the company into Voluntary Administration and why the directors exited





 
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