gogreen - ADY need clear all or at least most of their debt; this is without question. Furthermore, their best chance of survival is to cull operating costs where possible and simply sit idle until 3/4Q09 when good chance that "sufficient / profitable" demand for IO once again may arrive. Even safer bet is for them to halt all operations completely until 2010. The IO is sitting in the ground and it aint going anywhere (nobody can pinch that from them...not even PT or LF!!)
Who cares about the SP until then. Their primary concern is pure survival until some IO demand + credit returns to the markets.
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