Excel Corporation (EXCC)

[patentminer2013]

What am I wrong about? Here are the revenues for the last 6 quarters. All numbers are either flat or declining.

2016
Q1 4 million
Q2 4.4 million
Q3 4.3 million
Q4 4.4 million

2017
Q1 4 million
Q2 4.1 million

They have not made money since last year. Debt is now 13.5 million. At the end of Q2 it was 12.5 milion. So basically when they report in a few weeks they will have lower revenue and larger losses of another million. Value the company on the money it makes not on declining revenues. Nobody buys a company that losses money for anything but pennies on the dollar. The bank gave them to December to either pay up or they foreclose. What do companies in large debt and losing money typically do to escape creditors?