My only response to this is that the current management has a different view than the previous management had. I think this management wants to dig out of toxic debt and become successful. An RS might be in the cards in conjunction with a reduction of AS, but if the CEO says no RS, I'm sure he means no RS to permit further dilution. That tells me that he plans to use revenue to pay down debt (or sale of assets, etc) instead of permitting dilution. I would really, really like to hear him state that, however.