debt covenants, page-2

Don't know anything, but just my uninformed opinions...

1, How serious is it?

It would appear to be a technical breach only as impairments have been included in calculation of earnings. But that doesn't mean banks wont use the opportunity to take their pound of flesh.

2, Has it been resolved?

I presume not, otherwise it should/would have been announced.

3, Is this a driver of the recent poor stock performance and once/if resolved should help a rebound

I expect it is a contributor, however we appear to have a large seller(s) exiting the stock. However, one or more large buyers appear to have stepped in over last week or so providing support at 9, but seller still seems to be around.

I am intending to buy a little bit more but waiting to see whether it has really bottomed out. Given overall market has been strong, I am not convinced we have seen the bottom, but just a gut feel.