RE:possible default on Dec. 18?
the company wants to change the warrant price to 29 cents and extend it out time wise. The company is being squeezed by it's lenders because it cannot pay their bills. Any such agreement should be voted on by the shareholders. If it was I would suspect that the shareholders would wish the company to be put up for sale. Hopefully there would be enough money to pay off the loans and maybe a bump in the share price. Suppliers will want cash on the barrel now that they know gxi are unable to pay their bills on time. Sell the company already and gxi can just be a bad memory.