Refinance the revolver to add 30mm of incremental liquidity. Do you think we're stupid? Liquidity today is likely under $5mm, so by replacing your revolver at a 4% fee, you're asking for a more generous borrowing base in exchange for what I can only guess is a higher interest rate combined with an OID.
This company is run by a bunch of "aces". Can't wait for the 2012 earnings call in Q3. Anyone notice the CEO's one-year contract wasn't renewed?