Hi all,

Well, you heed to define good news... They where in default for their loan and this arrangement means they are not going into bankrupcy.... It's also positive that the other lenders have signed a wavier. (They where in default with them also). This being said, it also means they just handed out a litle over 46% of con-space to that lender. (you just lost 46% of con-spaces value with the dilution, and 46% of future profits. If you where hoping to see con-space at 1.00$, the equivalent is now 0.54$) It also means that the loss per share will be going down at the same rate as the dilution (and eventual per share profit also). IE: last years 0.28$ loss per share would be aroud 0.13$ for the same loss...

I didnt think it was good, and that's why i sold. (But it's always better than bankrupcy!)

Take care all, and have a great holiday season!

Cef