> ... and an IPO in a year or two when the financials look better. That's assuming that the company isn't completely ruined by then. My (not a finance guy) re

> ... and an IPO in a year or two when the financials look better. That's assuming that the company isn't completely ruined by then. My (not a finance guy) read on this is "the banks aren't sure that it ever will get better" ... which, doesn't seem wrong, and if right means that $0.60 on the dollar is better than $0.00 on the dollar. Unless it was sold to an interested foreign investor... but that's something that is getting sketchier and more concerning.