Because right now they just want to look as good as possible to...

Because right now they just want to look as good as possible to buyers. To do that they r asking for hundred of millions for a vertically integrated coy. That was it's strength. Totally undermined by a board that was clearly negligent,at the very least in terms of extravagance, bad business practices with no adequate risk modelling , hence options questionable loans etc and lack of transparency.

Let's just hope someone buys having heard receivers before this one did sound genuinely hopeful.

After that deal is signed and sealed we will at least be dealing with a coy not in crisis mode.