I am long on this but I think they brought this new CFO just to smooth the company's transition into bankruptcy.
If their receivables are real, all they need is a 9 month bridge loan.....the more pumpers I see here the more worried I am
"brought in for a smooth transition to Bankruptcy?"
that makes no sense in light of Fidelity buying another 4 million shares.
Bridge loan sounds more plausible, with agreements with acquisition partners to extend payments.