This is why the shareprice went down yesterday IMO - a typical MAE leak.
I can forsee sub 2c shareprice now - the settlement and legal costs could exceed $10million IMO seeing as this case has been on the boil for years!
If the company had announced this stuff then i expect noone would have stumped up cash for the last two raisings - now you know why the institutions/creditors would have given MAE Directors the old facepalm if they asked for more money recently.
Disgusting. Absolutely appalling that ASIC haven't charged these guys with non-disclosure and banned them from running companies again. Quite sickening and i feel sorry for all holders who will sit and hold onto the share while waiting for the full settlement cost...
Thats a true Texan mentality for you - 'stuff you, i'm allright Jack'.
L
MAE Price at posting:
2.2¢ Sentiment: None Disclosure: Not Held
