Overall, they seem to have enough room for a restructure. They...

Overall, they seem to have enough room for a restructure. They still have got the property, few patents, + some inventory and cash/receivables. They have breached the covenants, but still manage to pay the interest. Despite the paper losses their operations keep generating positive cash flows, so they may well survive. Also, the current management seems to be really in the same (sinking)boat with the shareholders, so at least you can expect them to do whatever it takes to save the company.

I am just wondering what makes the current sellers think that they can sell 80k of SRH at 24cents?