WRONG!
Read what I stated, they didnt pay down any DEBT, they are in DEFAULT. They decreased their losses by reducing their overhead, part of that was due to Vendors and Suppliers no longer extending credit out to them. I suggest reading the financials it is pretty clear.
That has nothing to do with management, the only thing management did was reduce head count and reduce pay, not like they have a choice in the matter, they cant pay the people they had in the first place. But sure if one thinks reducing head count is also a positive event then run with it.. lol
News 
Market Data 
Discover 
