It appears you may be right... 8k after close pretty much means something similar What they'll do is this... And it's worth the read...it's also a "spoiler alert" They'll feign a BK option where the creditors get pennies on the dollar. The stock will soar on this play because the stock is worth $3.00 per share with no debt... Then they'll offer creditors a sweetheart deal. ... 280 mil cash taking 30 day delay grace for 15+mil interest for continued talks... lol