I'm not sure they will or will not either, but from what I can see an exchange of debt to equity could occur and the company could emerge lean, mean and be able to develop their key assets. If I were a betting man, I would bet on this scenario happening.. If it does, you do not want to be owning stock.. until after the exchange and reverse split takes place... I'm just speculating here, so don't anyone read more into this than there is at this point..
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