Since the whole enchilada is at risk, they must make a deal and pretty darn soon. Unfortunately, the potential creditors holding that $12M they need also know this and will want to negotiate a great deal on their end.
This thing is either moving up on funding/ other deal news, or it might as well go straight to zero.
But, it won't. That doomsday scenario is simply much less likely than a "not so great" deal with a lender/ other entity.
I am not surprised it has been a sloooooow process. You could imagine the wheeling and dealing going on, let alone any complications with the recent rise from BK.
I still believe "something" will be announced within 2 weeks.
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