the signals to me are pretty clear that a reorganistion is going...

the signals to me are pretty clear that a reorganistion is going to take place, especially when they say a partial anncmt will come out later today on what is happening. A partial anncmt is hardly going to be bad news (eg we are partially going into administration).

My guess is this anncmt will give some clues on the debt for equity swap.

If this company was going under, it would have done so weeks ago and the banks would not have lend on another $150M to ensure survival. They would have pulled the plug then.

Boy this is interesting.