With the new (acting) CEO I'd expect them to take the opportunity to write down any contracts or assets while they have the opportunity.
I'd expect they'd like a Capital Raise to deal with the debt but given the debt is so substantial relative to their market capitalisation I'm not sure how they could work it.
I'd want to see that they are actually generating some cash to start paying off their debts (as well as the interest) before investing a dollar.
Unfortunately I suspect that's their problem, at least as much as the headline result.
With the new (acting) CEO I'd expect them to take the...
Add to My Watchlist
What is My Watchlist?