RE:Pinetree is missing the opportunity of a lifetime They got into this mess by buying speculative stocks. If they bought stocks on a value basis they could save themselves and turn the ship around. Read "The Intelligent Investor" by Benjamin Graham"and follow what is written. The real value is the tax losses of some $300 million or more. They should be able to grow money forever and pay no taxes. This company will be bought out after the debentures are converted into commons upon maturity. It can't go bankrupt because it has no bank debt.