There's way too much debt and the margins are too low to ever pay it, so the best way to go for the EXIDE company and employees is too file bankruptcy and then give stock to the debt holders in lieu of cash. This means existing shareholders will be one of two things- heavily diluted on the order of 1/10 which puts the stock at .25-.30 or wiped out entirely and a new class of stock will be issued that is more attractive to the debtors. That's the thing about restructuring- the creditors and lienholders hold the power and call the shots, the shareholders have no power and no recourse. The more the ambulance chasing attorneys get involved the worse it's going to be. I would sell the stock, take a tax loss, and if they issue a new class of stock to the creditors after wiping out the debt and you think it's a viable company post bankruptcy, maybe gamble at that point. The existing stock will go down. Get out.