where is this company headed?

Now that the recently appointed director has abandoned ship one has to wonder what fortunes lie ahead for this company?

They have barely more than $200,000 in the bank and based on it's own announcements it seems not much of a business plan lies ahead except for all the prospective projects that may arise.

I would like to hear thoughts of others who have a genuine understanding about investing or trading in a penny stock that is values at approximately 28 times cash at bank.

Is it just a flutter buying into MUI?

:)
Nic