MBN Maybe not all over after all

Hi Posters

Following these threads on MBN I am split on what is possibly going on in the board room.

An administrator is appointed by the board for a number of reasons, one is to protect directors from gaol if there are breaches of the corporations act and to protect share holder interested, less I say share holders are last on that list.

I am unsure what has transpired to cause MBN to call a trading halt if the company has an operating profit. The only guess I have is that a financier has called of the company to payout a lump sum that has come due and MBN has not been able to pay the lump sum or establish a new loan to pay out the debt. Under this the board has to appoint an administrator. Administrators have more powers than directors and can operate a company if the company is a viable operation. If it is not a viable operation they must rap it up.

What debt has come due? thoughts here.

As stated in the release "the company with continue operations" this is positive.