chucky's New Y I've seen 2 other companies survive....
CLL got blown down like YLO when they were dropped of the indexes in Sept, down to a low 23.5c from a high of $1.60 earlier in 2011. Recovered to $1.10 on a takeover offer (declined) and is now trading about 80c. In 2008, the share structure got blown out of the water to 500 million shares because of bad timing of the financing. Credit line was killed and the debenture dropped to a low value, like YLO's. Company was also slated for the scrap heap because of too much debt. Well, now the company sold some assets, raising cash. Debenture will be paid off in June when it's due with the cash already in the bank. At 80c, it seems like an easy double in 2012 when the debenture is paid.
NIF.UN when 2008 debacle hit, it fell to below a dollar. Dividends were cut to zero, put on credit watch, credit lines killed or severely restricted. Couldn't even do any production because they couldn't give away the sulphuric acid from production. Zinc and copper prices fell. Now, their debt has been resturctured, and sales are restored. The trust has now resumed paying dividends in 2011. Share price has been restored to over $5.00.
These down-and-out comanies do come back much of the time. Those who took the risk in those companies have profited handsomely from it.
YLO has received a shot accross the bow in 2011, meaning if it continued on its course it would sink. YLO is restructuring and transforming itself in to an digital media company with a print complement. I believe it will survive AND we will profit handsomely for it. Looking for a great 2012!
mNm