The increase in accounts payable and debt is a concern for MIZ....

The increase in accounts payable and debt is a concern for MIZ. They paid over $3m in interest last FY.

Remember - each time they raise $1m in capital at o.1 cent there is another 1 billion shares issued.

I am guessing but I think one change they are making to save money is to replace Ashley with a much lower paid person. Ashley will still be on the BOD and can provide input into company policy.

I may buy some shares at 0.1 cent later on, just in case there is going to be some recovery eventually, but I think the June quarter report will be another stinker.

Eventually there will be a 1 for 20 share consolidation so that they can dress this pig up a bit and continue the process of share dilution from a higher share price .

Good luck punters. It is only money. I should know since I lost a bundle playing in the MUN/MIZ playpen. In my last two entries I got lucky and recovered some beer money. It is amazing how one can get drawn in by the hopium set out in a company's powerpoint presentation. I must make an effort to read the disclaimer in these presentations, since the presos of the juniors are just product sales literature for money crazed speculators.

loki