how much cash have they got left?

The quarterly stated that they had $3.9 mill as of A MONTH AGO.

Over the last quarters this baby has been burning through EASY over 12mill in cash a quarter.

This quarter is already 1 month old.

I wonder how much cash they have left now.

Debt is already $51 million and is due a matter of weeks away now

Banks will have a choice. They can:

a) Lend more money and roll over the debt and hope for a sale and get their money back
b) Call in the loan, in which case the company will become insolvent (see s95(a) of the Corps Act), MAE goes in Volun Admin, Liquidation or receivership - most likely receivership and the asset gets flogged at what ever the market determines. If there is any left after admin fees and debt - it goes to shareholders.

CAN YOUR HARD EARNED COPE WITH THIS RISK?

As i said before, i wouldnt buy until clear direction on the financing issue - waaaaaay to risky.

The company has a matter of weeks in which to sell this or......