omg the 4c is much worse than expected, page-5

Standup said:

"I expect to see resignations very soon, either this quarter or the next. And of course capital raising is a dead certainty."

Standup - I agree with your sentiment..... a first time for everything !

Looks like they'll run out of cash by June only issue is who will give these guys more cash, especially in this environment? If they run out by June, they'll have to pull the pin a few months earlier (or pull a proverbial rabbit out of somewhere).... Tesco maybe - or will they? interesting times.

To make matters worse for them is, would any other player want to take over what they have? (I can't see them having anything of any value)