...everything is still exactly the way it was since the last...

...everything is still exactly the way it was since the last annonucement for MAE.

So the facts announced are:

1) We are waiting to hear about the finance extension;
i understand it to be an extension on the payment date, terms and total finance on call.

2) We are waiting for an update on either the sales/Due Diligence process of companies calculating/scrutinising the various aspects of owning us and/or our reserve in ful or in part.

Thats about it.

I wouldnt hold my breath on hearing about nor getting any insight into the Directors Options. They are a personal holding/note that is only the business of the owner.
Chatting about possible scenarios has been good to read, but i wouldnt get my hopes up on anything beyond talking about it - ie knowing about it before it happens.

So where are we at?
Possible sold? Possibly getting sold? Possibly going to be getting sold?

An analogy for you:
As far as an item for sale goes, I dont think its even a possibility that we are still sitting on the shelf, that would be naive after all we have ventured into a normally fulfilling process and after all this time in the process...
- its probably better to say that we are in the customers hands at this time in proceedings...they have taken us off the shelf if data-room accounts are accurate...
- and whether or not they put us back on the shelf, or in a big plastic take-waway bag for themselves, remains to be announced...
- Something will come of the process, you cant get this far down this type of process and not have something happen, i am reminded by another.

Stay true to your own research ;-)


Cheers,

Lautrec