Sure the media made their share price drop 95%, Sure the media made the banks reconsider lending 100 million to a company that has a Market Capitalisation less then that and already owes them a multiple of that. They owe 900 mill, want to borrow another 100 and as of today are only worth 90 mill, you do the sums. Even at the start of today, they only had a market capitalisation of less then half the money they owe.
TCG is only going to survive if the banks are willing to throw good money after bad and in the current climate that is not going to happen. So the Company either gets stripped of its assets or goes into administration.
The last thing the directors want to do now is trade knowingly insolvent. Let's see when the delayed financial report comes out and see how bad they are really doing, we only know of the tip of the iceberg.