terminology

Some of the wording in the most recent announcement about the restructure is very

IMHO I think its fair to say that some of the wording used in the most recent ann regarding the restructure is a little ambiguous. I am referring to the following sentence :

the Board believes that in the
current market environment and based on continuing discussions with the
banking syndicate there will be no value for equity holders under the revised
business plan

2 key points -

'no value for equity holders under the revised business plan' - perhaps this refers to no additional value under this restructure??

' Believes that in the current market environment '


I am currently holding this stock and have completely written it off - not expecting a cracker! - but at the same time I also know how fear can distort the way that thins are potentially viewed -

Don't get me wrong - I am sure I have lost a small fortune - but I believe the stock may trade again and give an opportunity to exit with something maybe only 2% but something none the less.

comments welcome