drilling update from a238, page-8

Insolvency: the ability to pay debts as and when they fall due.

They therefore could rack up more debts than cash on hand. It's not that absurd.

In June they said estimated cash flow out was 1.2mil yet ended up 25% higher at $1.5mil. Therefore the estimated outflow for Dec QTR could be close to $2mil, leaving them little in the way of cash, if any at all.

Perhaps you should look back to my 'negative' comments on the MAE board when it was 40c... its now 3c ;)