RE:RE:Rising Annual Revenues Approx. 70% of Current ValuationThe asset side didn't go anywhere. They burned a few million in cash. The current liabilities ballooned with the reclassification of 100% of the debt from long term liability to current liability - as the maturity is now all within 12 months. This company is really against the wall. Either they do a rescue financing of some sort or they will have to renegotiate their senior debt and converts asap. I don't think there is anymore room for senior secured debt, as this thing already looks to be maxed out at ~70% LTV on its facilities.
Once again, the Thanos snap is coming.