If the company was going to avoid bankruptcy, the insiders would be buying more shares hand over fist. My sense is that they are unloading as many shares as they can at whatever price they can get. I predict that MILL files bankruptcy before Labor Day 2015.
My best guess is that they will file Chapter 11 within 1 year if not sooner. Nothing against MILL, but the sharp decline in crude has decimated MILL along with several other small and micro cap names in that space.