Some additional flexibiity is great if its staves off immediate insolvency but it seems to leave open the possibilty of another funding event in the near term , as previously predicted. Not sure why anyone would stand in the market to buy stock when an equity or some awful convertible has basically been flagged to the market of $20m+. There is no more debt capacity left in this company so $$ have to come from somewhere...
B2Y Price at posting:
7.5¢ Sentiment: None Disclosure: Not Held
