regardless of how you look at it, to sell now in this...

regardless of how you look at it, to sell now in this environment is a desperate act.....they have been forced into this through failure to convert the field into production, cashflow and revenue!!!!!!!! considering they have gone this far I suspect they are indeed on a very short time frame, buyers on the other hand will not be forced into anything....with everyday that passes it looks more and more like MAE will be forced to sell to one of the first bidders regardless of price!!!!!! If the company wasnt in such a sick state MAE could afford to wait until buyers come to them.....maybe the sale is nothing more than a sham to try and prove to the bankers that the assets have value so the banks are willing to loan them more cash?????????

In 2008 the main 4 directors averaged $305k per annum or combined $1.22mil not including share incentives.......so regardless of the outcome they have done very well considering the success so far......