staggering loss of equity , page-17

I have just started tracking this stock. I can see why you are so cynical if you bought in at 40 cents +++

It looks to me as though they are doing the right things now. Balance sheet big time clean up. Board sent a message that it is depending on doing a deal with the people they owe money esp. the bank. BUT .. and a BIG BUT ... it seems they think they can do this.

Frankly if they cannot do a deal everyone is out of pocket. Co. will be insolvent. So everyone should pray they can do a deal that looks after everyone and at least gets some value even if it is a few cents. That has to be a whole lot better than writing the lot off and the vultures picking the scraps of meat of the bones.