Auvex have given response in Mesa's default notice on 2 dec 09! if old board taking this forward in court, i don't think they will win besides holding project back in development which is only thing positive happening in long long long time. Old board have given auvex 50percent ownership on project for a little as 8.25million dollar and now have JV partner to deal with.
over last some many years, lots of time and money in technology, i have lost confident on them.
looking current board and management structure, i don't think it can make any good things happen for this company. i am ready to give new board a try. at lease the share price looking good now than ever before. i am happy with that!
MAS Price at posting:
5.5¢ Sentiment: None Disclosure: Held