Surely the only way that the CR will succeed is if it is...

Surely the only way that the CR will succeed is if it is substantially underwritten and dec quarter was at least break even. Otherwise it all seems a pointless waste of time, which suggests to me they have sonething up their sleaves. Potentially this is a better arrangement for holders rather than the company ending up effectively in private equity hands. Massive loss of confidence in this company by the market now so they will really need to pull something out of the hat for it to survive. Better news he VA though, where there is life there is hope.