Yes, there are a lot of minnows suffering badly at the moment, and majors too. It just doesn't seem logical to let such an operation go to the wall, but when has logic ever played a part in the corrupt world of AIM?
If you read back through my posts, you will see I too was in Max. Lost about £10K all told in 2011. It would be nice to get it back before the Company ceases to trade. It's my risk, nobody elses, and I would never encourage others to follow suit. However, going by yesterdays activity, there are plenty of day traders out there who enjoy the risk as well.
SP dropping now. I thought it may repeat yesterdays gain, but just shows you WTFDIK? Probably re-trace back to 0.12p then go into liquidation. OR, issue an RNS Monday morning saying "Finances sorted, Business as usual". Who knows?
If they do pull it off, it is encouraging to see they have a plan to make the Company profitable at present day oil prices. Bodes well for the future if they survive.
I Coggy ...I have invested at various points in MAX over the last 2 years and at some points made money and at some points lost money but thats the risk ...I am not one of the de-rampers that float about for there own agendas ....I just think at what point does it have to be crystal that the company is in serious trouble ...it has moved from a an explorer of Oil with NUR1 batted about for the last 3 years to last year no more exploration oil price is down by over a half it cant pay it loans and creditors and talks seem to have stalled over the proposed deal that was moated a while ago ...and we are now trading in tenths of pence s...Good Luck to everyone
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