you make a fair point hcraboc and it is based on history so no...

you make a fair point hcraboc and it is based on history so no arguements here . But why may #4 be different - for a start the clarke brothers and maybe Mr Collery will be shown the door . Corders will probably run the show going forward .
The only way forward ( and lets assume a way forward) is that someone - obviously based on your assessments mentally deranged - contributes money to mae . Lets say they pay $ 25 mill to buy 50% of the assets . and lets say bank and creditors are happy to walk for 15 mill leaving the coy 10 mill to develop whatever is there . So day 1 after this the coy is intrinsically worth $35 mill ie 25mill for assets plus 10 mill in cash which is 6 times the current market cap .

The above may be a fantasy but people here acknowledge mae will trade again - I don't know many other ways it could be resurrected .