BioNitrogen Holdings Corp. (BIONQ)

[TFletcher]

Hi, swikey, that's what I'm expecting to happen, but we smaller players will not be needed.
I suspect that such a loan is already in the works.
Those who might be interested in making the loan, probably insisted upon the Chapter 11 path to protect their interest.
I'm just guessing based on what I've seen before.
If there are parties prepared to loan say 5 or 10 million, it will be contingent upon the bankruptcy court placing a priority on their loan.
If a bailout loan is in the works, they are not going to transfer the funds until the court guarantees them a priority position ahead of all other creditors.
Again, I'm just guessing, but those are the terms that I would insist upon before making such a loan.