Good news. From 10% battery (yep been keeping close eye) the 4 light indicators on the Madcatz Micro kept flashing about 4 times in 10-to-12 second intervals until i decided to stop playing, having 4% left on the battery.
Problem is gaming on the tv orwhen my ipad is on a slightly higher position than my hands. No way my eyes are on the controller to see if i have low battery.
On the bright side, THERE IS AN INDICATOR WHEN THE BATTERY IS LOW.
Will keep an eye on this til it dies out to see if the lights flash faster as the battery closes out to zero.