Suggestion for you. 

If you deep down feel that they have breached a covenant, why don't you get out while the stock is at these levels? Cash out and sit on side and see how this gets played out. If you're convinced that this thing is going to Zero .... You will be our hero. You can always get back in later down the road if this is all fud.

But the general feeling on the board is that nothing material has triggered today.

CD