beyondtheverge

Will Syntax-Brillian Survive?

I think the credit facility was reduced from $150 mln to $120 mln. Not from $250 mln. That is just $30 mln reduction.
Also right now the company might be in a financial stress, but that won't be the case if they continue to operate and collect the outstanding AR and sell the TVs. If that happens, they will be in OK financially and will be able to refinance on much better terms.

This article sure looks like the shorts want to scare people into selling at this low prices by implying the BK is imminent. That is simply not true: I think the BK can be avoided.