"It is clear that based on performance expectations and liquidity the continued support of the Company’s lenders is fundamental, as current levels of bank debt exceed total enterprise value."
Which means lenders will take a hair cut.
say 30-40%.
That takes the laons to 420 million and increases the enterprise value dramatically Vs loans.
Be patient.
Dont jump to conclusions on incmoplete information.
It is all being sorted out.
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