If you look at their quarterley expenses prior to the last 3 months where they didn't pay creditors, interest and had skeleton staff it was running at 6-10Mill per quarter. Good to have money but after paying back what they owe to just exist through the last 3 months they'll have scraps to work with.
Realistically this convertible notes thing could result in over 250Mill more shares on issue.
Most long term holders have been holding out on the premise of a sale unfortunatly they are getting shafted. whilst all these sofisticated investors buying up a huge majority of the co for pennies will be the only ones to reap the rewards.
If you bought at 2 cents you might double triple or quadruple your money. If your holding with an avg above 15c IMO it aint looking so good for you. I would say the days of an Sp above 10cents won't likely be back any time soon. Winter in the US will be there by the time you approve it at a AGM.
MAE Price at posting:
4.2¢ Sentiment: Sell Disclosure: Not Held
