Post by
bond46 on Jun 20, 2013 9:36am
makes no sense
It makes no sense to sign a forbearance agreement and wait for a recap agreement at the end of the month. Why not start bankruptcy proceeding now and forget the formalities, if indeed that is what Marret is planning. My sense is Marret will give Cline with the new leadership a last chance to lower costs, streamline the operations and either prepare the company for sale or go into production when market conditions turn around. Yet again noone knows better than the insiders, unless we are prone to speculation.