RE:RE:RE:Interesting "Why would Mellon lend them more when they've already got all the security they possibly could get for everything they've got."
Sorry. Thar should have read "Why would Mellon lend them more when they've already got all the security they could possibly get for $1.25 million"
The takeaway from thus deal is that if the company needs more money in the near future, they've already pledged all their assets.
They very likely won't be able to raise money by issuing more stock, and they've closed the door on issuing more debt.
Nobody is going to buy an unsecured debenture.
Every day is one day closer to the end.