We are technically bankrupt...the decline of performance started long before the tragic events of 2014.
It's not a continuation of the old company in a new disguise, everything is new.
I'm hired to run the new company entirely on commercial terms and there's very little margin for error.
We are not without our weapons. It's doable, and it depends on the vigor in which we pursue the cost reduction.
The first year of a restructuring is really like a war situation.
