And now what.Where to from here? Will there be a sale or receivership? Either way Marret and the shareholders are screwed. If there is a sale of the company, quite unlikely in the present environment, the current shareholders may have a last chance to salvage their wares in a sinking ship. If however Marret opts on going into receivership, the shareholders are definitely the losers because even if the company comes out of Chapter 11 unscathed, all the current shareholders will lose their shares and new shares will be issued for the new company, if there is one. Marret will not likely be the winner either because in the current climate they would be lucky to get a third to the dollar. So they may have to accept a substantial write down. The Bondholders must finally realize that there is no such thing as a safe investment even if they charge 12% interest for their bonds. So this must also become a lesson for all of us that put our trust to jokers like Bates and Associates who were riding high all these years at our expense. And as I said before, if stupidity was a criminal offense, Bates and his gang should have been sent to the firing squad by now. But unfortunately, and as John Kerry said" in America everyone has the right to remain stupid". So long