latest article this morning, page-4

To be sure, the vultures that are "saving" the company would only do so if they were 99.9% certain they are on a sure thing.

That aside,

"The new shareholders and lenders will hold $91.3m of debt paying them 15 per cent plus a variable margin of up to 1 per cent — which is more than double standard corporate lending rates — for between one and three years."

A rate of 15%-16% on $91.3 will add a tremendous strain of the company's financial results. That sort of interest rate is usury (maybe they should have explored the credit car option(lol)