RE:Re: Bid at 8 cents??The 8 cent bid is still there but getting eaten into substantially.
Re: the news
Let's say the debt restructuring falls through, and assets have to be liquidated to repay lenders. According to last quarter's balance sheet, there is still about 50 cents of equity, assuming the assets can actually be sold for how much they're on the books for. Even if they're sold at a steep 50% discount, aren't the shareholders still looking at a break-up value greater than 20 cents, or am I missing something? Is that scenario at all realistic?