In regard to the following statement from the recent Shareholder Alert from Atul Anandpura, President and Chief Executive Officer, what are some outcomes the company might be facing?

``The Board of Directors believes the company’s ability to continue as a going concern could be jeopardized by failing to pass Proposal #2 and could have a significant detrimental effect on common stockholders``.

For example, if a bankruptcy occured, what would that entail? If the note holders` gained control of the company, what would that mean?

The above quote of Atul Anandpura, per the Shareholder Alert, is really becoming more and more disturbing. What might be going on with the company for its ``going concern`` status to be in jepardy?

Thanks in advance for input from those who know more about this potential predicament than I.