RE:RE:Insolvency Filings Incoming? ?? I thought it was clear.
Company has to pay the full outstanding principal amount of the convertible debenture loan ($3M) on the 25th. On top of that, the company has accrued nearly $3M in additional short-term debt.
How does a company that has virtually no cash and is bleeding money going to get additional financing to survive? I don't see it.