The language used in the update from CAGR doesn't suggest this was their move. My impression is that this originated from Frank and the company is reacting. I could be wrong though.
Assets can be purchased out of a bankruptcy for pennies on the dollars if they're truly needed... Like you, I'm not at all worried over the knee jerk drama and half-pint opinions of the truly clueless statements made here already this morning. And, obviously shareholders feel the same way and aren't in fear of the tape painting tactics.