bankruptcy, page-14

If it's a fire-sale it's usually by a competitor that will disband the franchisee and give them nothing, I doubt they will chip in more money to improve the business (which RFG has been doing).....IMO, it's best for both the banks to work through this, in particular, given there has been signs of a recovery and as I've said, RFG have paid the $20M principle and $10-15M in interest, why do a fire-sale at $100M???? Doesn't add up, especially since RFG still have plenty of assets yet to be sold and operating at cash flow positive.
So recover the pps and do a CR, the O/S is only 200M shares....they can even raise $200M at $1 and double the O/S.