Debt has been postponed and funding is secured and a merger plan is proposed.
wubing,
I'm afraid the funding position of the company is far from secure; all that has happened is that they have bought themselves some time, but overall indebtedness has increased, and the cost of the additional debt is a lot higher.
As for "a merger plan proposed", I'm not sure you should see it that way because firstly, there is little more than talks about a merger plan (nothing has been proposed at all), and secondly, even if something does come of merger talks, considering the structure of the deal, in the event of any merger eventuating, current shareholders are going to be diluted quite heavily.
BKN Price at posting:
$1.47 Sentiment: None Disclosure: Not Held
