"...another round of poisonous financing."

I don't think that is an available option any longer, at least not at these prices.

I do find it interesting that while the lease on the warehouse is now on a month-to-month basis, it has not been given up.  To my way of thinking, this is probably a stronger endorsement of what management sees coming than is the fact that a few have dug into their own pockets to help pay the rent.  They did get promissory notes back for doing so, but what's the point if closing shop means they will never get paid?

The fact that we still have a warehouse (at a painfully steep drain on financial resources) is about the most promising thing I can glean from the report.  Having said that, I am not Warren Buffett.

VP