if debt holders thought they could recover significant assets, THQI would already be in BK. filing BK at this point serves only one purpose... take away the existing shares and give to the next creditor. that could still happen if the firm now talking to them demands. but there's not much difference between having your shares diluted 10,000 times vs getting $0.0 in BK. existing shareholders still probably get nearly nothing as THQI's CEO still running the company into the ground. THQI will very likely plunge once the dilution agreement is reached... nobody will give them money for shares & warrants over $1...I'd look for them to issue preferred stock and a massive amount of warrants (to buy shares) far under $1.