It is now 2017 and still no news on the refinancing, and I am starting to get a bad feeling. Martin did say there would be news before the end of November and the CEO has been saying for months that refinancing the debt is his primary focus, yet there is no progress to show, not even a memorandum of understanding outlining the rough parameters of a deal. It is time to start considering the possibility that things are not going well on this front and so it may be time for the company to work on plan B, which is to sell the entire company to the highest bidder. In the case of an outright sale, hopefully us shareholders will be left with more than the current share price after paying off the very substantial debts. The real owners of the company are the note holders and every day that goes by without any news on the refinancing brings us one day closer to march 1, when the note holders get to take over the company assets, leaving us equity holders holding the bag. Sorry for the negativity, but this is how I feel after the company's latest PR which addressed this concern in the most brief manner.
