To be fair to both sides, AMBS was alive absent this deal, and SeD wants an honest look at the books. The books may be so f'd that they put too high a price on their assistance. I for one don't want us to take a crap deal with SeD just because we're "desperate." I'd rather starve for awhile and preserve an upside than sign away the upside for survivability. We're practically dead anyway.

But I think there's no reason for drama. We are in a complex situation. I expect an appropriate amount of time to elapse before things move forward. LOI just got SeD and AMBS into a more detailed level of negotiations. SeD, the CFO, and board now have to deal with each other to the point of execution. Don't know if I'd call what transpires snags, but it's not like the situation is greased up and ready to go.

846 shares in first hour. Traders were here. They will be back. Direction over weeks and months is what matter. Most of us don't have the guts or capital to make big buys anymore. Hopefully we've all got the brains not to anyway.

cautiously optimistic