Looks like us "bashers" really were correct w/r/t our doom and gloom - they lost more than the most pessimistic of us thought, EBITDA big-time negative AND THEY STILL DIDN'T TAKE THE INVENTORY WRITE-DOWN. Anyone who thinks insolvency is unlikely obviously doesn't know this company - THEY HAVE NO OPERATING LEVERAGE ON THE UPSIDE since they have lost their accounts.

My god was I wrong - they lost everything I thought in the quarter - not the next 6 months. And next three months can't possibly be much better given seasonality. Two quarters more of cash burn - then toast (and they need another $50MM of PPE writedowns - that much is obvious.