It is unusual a company with low liquidity only had one source of CR linned up (IMC) when money got tight and missed recieving the funds by two days. I understand the need to hastly go into administration to avoid trading while insolvent. However it could be argued negligent that a seperate source of capital was not avaliable / attempted. A few million dollars was the difference between bust and profitable ongoing operations, how the administrator's didnt see that is suspicious. A payment deal with the mining service provider and a stay from debt payments to all else for 6 months would see MOY in a very different position that would have provided everyone with more value.
Happy to see where this goes. Thankfully not a big amount of money in the scheme of things for me, yet I do like a good truth hunt.
Goodluck
wk
MOY Price at posting:
5.1¢ Sentiment: None Disclosure: Held
