I wouldn't rule anything out, however, if they continue on the...

I wouldn't rule anything out, however, if they continue on the current path then I rate going belly up as the most likely outcome. That said Mick McMahon is a pretty good operator so I don't think they will continue down that same path. If they can get to the point where their existing operations are profitable then there is a chance for recovery but I think it will probably be a long hard road for them. Will they continue with PSD and in what form? - yet to be decided but my best guess is that it is scaled back at least for now. As always DYOR and all IMO.