Is for management to get the 30M gang involved again (if not already), get them to payoff the loan with 1/10 of the $30M deal they made. Then bring back in the wifi experts to get this rolling again. Sad situation for us poor shareholders, but that would be better than BK....again...just my poor humble opinion.
Are you nuts?!?! Why would they throw in $3 mil in this? They're just trying to get out without sufferring any more losses. The Compnay is dying. You don't throw good money after bad, unless you're into charitable contributions
What do you mean? The 30M gang is already out..with $30M of bag money. Surely they would like to have the whole ball of wax(almost), including their original business for 1/10 of that amount. Even I would take that chance...if I was holding a bag with $30M in it. Obviously, the house would have to be cleaned of deadwood to reduce costs significantly.