expiry of options..., page-4

it can be viewed in both positive and negitive lights, for example:

- as stated people may think that directors choose to remain with direct interest in MAE, however it has been discussed at length the past couple of days that due to current SP and potentail Sale Value that exercise may be considered insider trading

- MAE does not get any cash injection from this conversion, however we are for sale and any cash required will be provided at re-finance with documentation in place

- MAE shareholders value will not be diluted upon sale, this means that the sale proceed will be appliend on current market cap (excl. options as they were not converted)

- seemingly the market is not to fussed about this event, and i would suggest that the 30 day documentation finalisation is to "fingers crossed" have a firm offer on the table

Question back then, how do our directors get a slice of the pie...?