[VIDEO] WMC entitlement offer closes soon, page-42

they would be taking a hair cut from selling their receivables face value of 40c for less.
But interesting nonetheless that this may be part of the supply into market.
Bit of an overhang, to determine what / when their intention. If you were them, and you had to pay your employees, its a matter of timing when you decide to sell on market for cash.
The company would do well to arrange an off market cross trade with interested party to rip that bandaid off.
Otherwise, buyers like myself who are not yet committed, are waiting for the shoe to drop.