As I said: Everyone can take large haircuts (90c on the dollar and convert to equity) or lose 100% of their investment. "Good" news is it can't get worse for Common shareholders until the next R/S -- which all parties will have to participate in. I believe if the parties can work together, then everyone can benefit and this R/S would be the true bottom for WGAS. Nothing for anyone to do between now and terms being made public. Wouldn't recommend even a $0.000001 buy, and certainly no chance to sell.