patterson summary, page-22

if we take a pesamist view for a moment, and say no sale,

i dont know about zero,

refiancing 36m?

lets say they come out and are refinanced terms,

which they have also said, that in one form or another they'll take care of that,

and just sit on their hands for 12m,

You then have a situation, where you're cash burn is next to zero, and you tell the shareholders, we're still trading, but we're still in the process of selling the company, and in that process, waiting for gas prices to mature, or until a suitable offer is made.

It's certainly not game over.

Look, if they never announced a sale, and had a cap raising, i'm sure there would have been a lot of bitching and screaming, but the bottom line is, they would still be in a trading venture.

Probably playing around with those flow rates, and that's what people would be whinging about.