I know the difference btw admin and liquidations for the record but the issue I have is that he ended up on the board to "weave some magic" and called in the administrators instead because why? Its illegal to trade whilst insolvent and the directors are responsible. Administrators will protect their hip pockets and secure the cash for their expenses. There is no trading here except for maybe a little interest generated from whatever the cash balance is but don't you think there may have a better way to rescue a company other than calling in somebody or promoting yourself onto the board?? So please spare me the lecture!!
MKE Price at posting:
9.0¢ Sentiment: Sell Disclosure: Held
