Originally Posted by OTZeagle1

I am sorry you are incapable of understanding the breadth of the catastrophe our industry faces right now. In no way are we proud to put out two bids, and subsequently cancel them. We would much prefer putting out bids filled with upgrades and growth. In your 12 years with the company we have never faced a crises as destructive, as dynamic, as this one. Our industry changed overnight, ferocious economic corrosion that will take years to recover from. Our path is not complex, we are determined to save this company. It’s hard for me to believe you can’t understand while recklessly burning through liquidity, we are quickly destroying our future. Continually adding debt, while continually losing money, is a business model that is unacceptable at any publicly held company. That path would soon result in bankruptcy and the loss of every employees job. You have been continually advised of our situation and our intentions. Our goal is simple, stabilize this company, and as economics change, be ready to take advantage. These opportunities, will not present themselves overnight, but will at sometime in our future, and we will be ready. At this point, we must reduce our costs, as quickly as we can. This must be done in the most economical way possible. We have now found that path, and we will forge through the tough road ahead, hopeful that blue skies will present themselves, once again in our future.