Originally Posted by
Icarus2001
The non financial media (ABC) is picking up the story of the trading halt. 35 cents a share anyone?
This could get ugly very quickly. Once the general public start hearing about share suspensions and financial strife on the 6PM news, they will stop booking and, as you can see from REX's accounts, its entire cash balance is represented by Unearned Revenue related to tickets sold but not yet used. Without forward bookings, the cash drain will turn from problematic to fatal within weeks.