I agree with the 2014 sentiment but the note would just be directors avoiding the insolvency risk by saying they have plans to cover cash running out.
This will be a really good play for 2014 as long as nothing goes wrong with the underwrite in this recapitalisation. The library is valuable but the balance sheet has been diabolical and management structure average.
Tech - tick
Management now - tick
Cash - almost tick
Board - pending?
Market cap - tiny. If the 4 above get all ticks I can't see why it won't get valued between 50-100m at some time in 2014.
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