Terrifyingly embarrassing remark Brownie. They are in the hands...

Terrifyingly embarrassing remark Brownie. They are in the hands of a pawnshop style lender at the moment with a $150 mil 'unsecured' loan at 15% with an exit penalty which at present would be a little over $70 mil. Their cashflow deficiency was overcome with that loan, they may hit break even in a few years if perfect conditions remain. They can't get a bank loan because they have no security and they have signed accounts to warn that there are 4 points of material uncertainty about the company's ability to remain solvent. As for interest rates - they are looking less likely to reduce by the day and if they do, it will be a long way off and very mild. I reckon they should come up with an alternative plan to trying to snow their shareholders with the goop about interest rates. Their market capitalisation is up a fair bit at present but that has no connection whatsoever to the company's ability to borrow or the rates it pays - it remains in the casualty ward after leaving life support a while ago, but it needs a long period of rehabilitation.