[Sniper]

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They have $132 million to cover $192 million in player liability and 90% of their players are going to cash out.

Their $500 million credit facility was cancelled,

Things can get worse quickly for the shareholders. (I am NOT saying that the Company is going to fold, not by a longshot ... However, I think distressed debt of Party, if available publicly at a steep discount, might be way better to make a bet here than investing in common equity.)

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Milton, that analysis was on old data... after accounting for all player liabilities and the minimal drawdown they had on their credit facility... Party still has positive cash of $83 million...

The $500 million credit facility was not cancelled, the banks agreed to a 60 day period to reevaluate and review Party's new financial position.