Yes; the big risk is that restructuring doesn't happen, the small risk is that the terms of restructuring are brutal and pps declines on the news.
Talking it over with others, I don't see ecig having trouble restructuring. And I've been convinced that the risk of unsuccessful restructuring has been too heavily factored into the current pps. To the point that even poor terms would still be good news (like last time we restructured). We will successfully restructure the debt and the PPS will respond positively IMO. I'm looking at this within a 2 month time frame though. The long term success is still super-sketchy and I don't think the pps will exceed the $.30s until we start turning in good quarters. But I could see a few good developments and a solid restructuring of debt get us back into our last PPS channel of ~$.23-$.35