Firstly i think Mk has the market bluffed with his bravado in...

Firstly i think Mk has the market bluffed with his bravado in stating he will call in the administrators. I don't doubt that MON is teetering on a knifes edge and needs this 4mil in funding to tie things over for the next few months but i personally believe TTY would call in Administrators before MK does.

MK has more to loose than anyone out of this. Namely his credibility and if those administrators and asic where to get together i'm almost sure theres a couple of hidden truths in the books that could bite him back, in this i mean the misappropriation of IRL holders funds to prop MON, and wether correct disclosures were made to IRL and TTY as lenders and wether correct and transparent governance has been upheld.

I also posed the question the other day, MK bought 3/4million dollars worth of TTY shares on market. If he knew back then MON was in dire need of cash and market confidence then why wouldn't he of pumped it into MON through convertible notes or a loan arrangement. That to me would have said; look MON needs cash, things aren't great but i personally beleive we can get this turned around quickly and i'm putting my money where my mouth is.

Talks cheap and the bluff doesn't always work.
time will tell which way this one goes.