it was impossible to stuff it up, page-8

At the end of the Dec qtr, they had $1,985k in the bank, and owed $2M to Credit Suisse. They are burning about $2M per qtr, so even if they did get the $2.5M from Bergen, by the time they pay back the $2M to Credit Suisse, there is nothing in the bank after the March qtr cash burn, hence the review I would think.

It's hard to see the glass half full, but I don't think it is bone dry.

Obviously the wording of the ann will be as positive as possible, but the wording 'Directors have initiated discussions with lenders regarding short term working capital requirements' suggests to me it is the company 'going back to the bank' rather than the bank foreclosing.

Here's hoping.

PS - Hold is the only sentiment we can have ATM!