do you really think stakeholders Bonds and bank debt would rather haggle it out ion a #$%$
bankruptcy court and destroy the asset base or would they rather write off a little principal and drop the interest rate a point or two Dont Really Know myself but I beleive thjey avoid BK and the stock goes back to 5 on the anouncment of debt restructure were in adifferent climate today all they would have to do is kick in some shares as icing on ther cake
If you were owed 20.00 and could not be paid why on earth would you not go and collect the collateral. I sincerely hope you are just a paid pumper on this board otehr wise get your mmoney out of stocks because you just have absolutely no clue what is going on.
Yup of note, in 1 month they release two more oil well results, and the previous results of 2k to 3k a boe/pd have done quite well, if they were going to conserve assets they would stop drill yet they are not stopping as they have over $20 million of cash left, that is a lot for a small company... they ended Q4 2012 with $29 million of cash... The risk is too the upside after two days in a row of short selling