Nice post Ted, but I still consider that 300k dollars Bill got his words all wrong. The way he answered made most people believe that the BOD is not really working in a REFI and is not really thinking about paying interest and accrued interest in cash. They would rather pay themselves over a million dollars in bonuses in 2016 (wait and see) After reading the revised 10-k you get the idea that all these guys are doing is pocketing a shit ton of money for no good f reason. Regardless of all this crap, I still believe these 40s should be taken as a good entry point, unless you think the company is going down the drain.