I just bought another 20,000 shares at .11883 and my palms sweated immediately as I pressed the buy button.
Something deep down tells me to believe in Mel - he has alot of skin in the game and does not want his legacy to go down in a bankruptcy.
If there was any CEO I would want to get us through this, he is my pick.
Refinancing could send this stock to $1.00 or more, so I have to put more $ at risk here. If it wasn't for the fact that there was a merger where massive costs can keep getting pulled out & the fact that the car and finance markets have likely bottommed, I would not go near a stock with this type of debt.