The risk is that STO goes on trading halt for a giant credit raising at a substantial discount to the SP.
I'm not saying this will happen, although it probably should.
I can't really see that happening until there is a new CEO appointed, although the board could take it on themselves or be forced to by the banks.
Asset sales I don't think will be sufficient to get debt levels to an acceptable level.
Overall at the current SP you would think it will be good value in the long term as long as the massive debt levels don't drag the company under. Although I think its unlikely as I think they can raise the capital required, its a possibility. Many good companies went or close to bankruptcy in 2008 for similar reasons.
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