that could pull off getting this new deal bounced. NewMK I'm sure is right the creditors wrote this deal with Fortress. Most shareholders would have jumped at the chance to double up on a $3 rights offering, IMO. Make it transferable and the deal is 90% sure to get the bulk of what equity is needed by the Arbs. 2 shares at $3 is the same a 1 at $6, and the everyone would have their share and no 12%(18%)preferred loan.