People have gotten shares there earlier this year near that price; obviously if MGMT can sustain shareholder and bondholder integrity (No restructures, haircuts, defaults ... bk ...etc) than anyone in this area is going to make money -- most definitely those .001x shareholders.
That said, given the complicated difficulties facing the facility and progress forward, I consider every day the possibilities for how management will continue to finance operations.
I (and we) would obviously love to be privy to the negotiations and ongoing dealmaking regarding LTF, and what kind of shape the company is in with it's long term creditors.
The company is clearly facing some big challenges.
I hope they get the mill running, and sort these problems out. Because we're all down the economic sinkhole if it doesn't start reliably producing valuable product. And it's evident so far that the one thing that will stop the gushing bloodletting of dilution, is to actually PRODUCE cash money revenues to begin funding operations.
Whether or not we can achieve this before we all are forced to take a partial, or full haircut, I don't know. Certainly, today's price action was not positive. I look forward to more ongoing progress from the new faces in MGMT. I hope they can continue these steps straying away from the funding ways of old MGMT, and still keep our heads above water.
