Ranghora I personally believe you need to be prepared to be very...

Ranghora I personally believe you need to be prepared to be very disappointed from your expectations. The people making the decisions are essentially management (being Purdie and Els both of who have no effectively shares) and also the noteholders who again dont hold much equity but want their money back.

For those interested parties to offer equity to a struggling operation like MBN they will want to be suitably rewarded for the risk they are taking on.

I believe we will see massive dilution and we may resume between 2-3c.

Importantly for Purdie he will keep his job of over $1m per year which is what he is working so hard on at the moment.

I really hope you are correct as I would love to get back to my b/e of 7c. They key will be diluttion and what is offered up for the lifeline package being given.

Good luck to all!