I've thought about doing the same.  FWIW I had a financial...

I've thought about doing the same.  FWIW I had a financial advisor look at my position, and his recommendation was 'hold'.  I don't believe he had a detailed look at hit, but he has vast experience and so his view still carries weight.  For me the positives are:

- improving sentiment amongst the company (ie report commentary)
- development of products and hype around things like tru-scan etc.
- copper and gold bullish.

Negatives:
- 770M debt.  Although to truly assess this problem we have to assess their quarterly cash burn, which I haven't done.  BLY's reports don't make this easy either.  When will they finally have a profitable quarter?
- What the company's intentions are; whether they are truly dedicated to improvement, or whether they actually welcome administration.
- Whether a TO occurs or not given Centerbridges' stake.  Depends on your entry price as to whether this is good or bad.
- Ares holding price down with all their selling.  We need a profitable quarterly or some other good announcement to counter it.  I figure if we have a profitable quarter, it will bring serious buying, price could hit 2c easy.  All the media hype around 'BLY's back from the dead etc'

I figure the only thing to save them is for copper and gold to power on.