RE:@ giveme, yes you said cleaning up their payables would helpKozT
I am still not really clear as to whether they have simply forgave the debt. Here is why! Note the news release say they received an offer to forgive their debt. Offer applies 2 parties each giving something of value. We know that the thing of value is not shares as the company has said that. We also know the offer was accepted by the board. If someone forgives a debt that does not require board approval which tells me that they would be approving something.
Just one mans humble opinion!