Playing Games I agree the losses look at an additional $7MM atleast,. What a bunch of hewy - who pays $115M for 50M of debt? What goodwill could there possibly be in a portfolio of debt - it is just their brokers - like they are going to get into this business with the history they have.
I think they will sink this company to $1 and then take it private. It is not a public company.
What is worse is that this will be so detrimental to their balance sheet that they could be off covenant on their debt