Here is a bad possible scenario: AXP goes into receivership,...

Here is a bad possible scenario: AXP goes into receivership, pulled under by its convertible loan, plus high operating expenses, which may not be able to be wound back quickly without suffering big losses, compounded by failing to attract interest in a company-saving capital raise.

Then in receivership, some rival company bids for the product or offers to do a cap raise.

In this scenario, existing shareholders might get nothing or just a paltry valuation on their shareholding.

Not saying this bleak scenario will happen, just suggesting that this possibility may explain the gutted share price.

A company holding any kind of loan can be dangerous in situations like this as the company can lose control of their company.

This story was not supposed to end like this...the the aeroform airxpanders product was perfect...it appears to have been let down by its incompetent human “parents”.

Another confirmation of the adage”hardware is hard”. also confirmation that having a perfect product isn’t enough. It's just the first of many requirements before success happens.

Any maybe what is rarer than “perfect” products is awesome management.

PS. I forgot to change my status:I don’t hold and my sentiment would be “watch and see”.