ERF Wireless, Inc. (ERFB)

[Rich]

Total current assets ~ 1,401 (in thousands)

Do you think they're going to sell their equipment or properties? Didn't they say they were going to sell non-core assets? Wouldn't equipment and properties be considered core assets?

Regardless, they don't have enough assets to sell to pay off all the debt they've accumilated. Nobody is going pay ten times what the assets are worth.

ERF claims to have paid off all their convertibles back in 2010 now they're upside down in debt again?