This is a good effort by managment and I'd imagine it took up a considerable amount of executive time to get this extension set. The poor old investor however can expect zero for at least 4 years out of this debacle, as the debt extension would most likely be a holding pattern type extension (but with a bank takes all proceeds clause). Based on the parlous state of the balance sheet, there seems neither an organic growth nor acquisitive growth argument in this stock. Look for a bid brother guys - the game's over and by the time you get this sorted out your value would be hopelessly eroded by competition up north.
NOD Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
