It has become very obvious that for this company to survive, a...

It has become very obvious that for this company to survive, a large amount of existing capital needs to be torched. Shareholders and unsecured convertible note holders can only hope that there is something left or on offer even if its to the 5th decimal place.
The Board is either very courageous ! or there is something worth saving. A shame this team was not there a year ago and the previous idiots ran it not the ground.
Can't even sell to realise a tax loss - that would be the ultimate insult being stuck with this rubbish.
First class travel and New York lifestyle ! at least past management enjoyed themselves running it into the ground. If MIZ is around to put out a Sept quarterly I would be amazed - crying shame.