I'd say there is a big debt for equity swap comin, along with a capital raise. The senior debt is a millstone around the neck of the company and no measure of operational improvements can get us out of this hole. The debt is crippling.
We all get diluted but hopefully that is the price we pay for survival. The alernative is the senior lenders call in the receivers and we are all stuffed.
Ann: June 2017 Quarterly Activities Report, page-6
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