Hmmm... this may just be the answer, hard to imagine anything else.
The problem with bankruptcy is you have a judge who will pass (or not) on any proposal as well as howling creditors to the tune of many millions... although it's impossible to see how the creditors can get back more than pennies on the dollar, if that, and I imagine they know that already.
Whether any arrangement smacks of self dealing would be in the eye of the beholder, i.e., the judge or any complainant thereto.. but what do I know.
Again, put aside delisting... I don't know how they can avoid bankruptcy at this point and any quick shuffling of the, ah, assets would have to satisfy creditors that they'd be coming out better, even if minimally, than a forced bankruptcy/liquidation.
I just sense the end is nigh... IMO :-)
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