June came and went. SWRI owed $650,000 due in June 2007. There were no announcement of refinancing of that $650,000. My guess is that there is one rather upset creditor out there. Especially, given the fact that the latest refinancing was just for $200K and the restrictions are now so onerous for further refinancings. In my humble opinion, the current price reflects news that is out there but not yet made public.
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