lol recap. The biggest selling point is the fact they're already in default and only have 2 weeks to cure it, and if they still can't sell product at prices > costs of production, then why would anyone tip good money in after bad? It's not like they just need a little bit either, they've got $320m of debt, interest payments, $36m of put options due in December, Frank and his mate's defaulted loans to fund plus the regular costs of just staying in business. Even $250m wouldn't be enough.
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Ann: Update of put option, page-34
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