That's true for the loans, but what about the normal, garden-variety short-term accounts payable?
At their present sales rates and expense levels, when will they conjure up the cash flows necessary to pay off their vendors?
And, if they don't bring their payables up to normal days outstanding, what vendor in his right mind will extend them any further credit? And, without further credit, how will they continue to buy the materials and services that they need to feed their product pipelines?
I was glad to see that they filed, but I'll be happier yet if they finally close on a new line of credit.