In a nutshell:
We don't have enough cash flow to remain solvent so we thought we'd sell off our assets but selling our assets reduces our cash flow and risks violating our loan covenants. So we'll hold off on that plan and...Form 10-Q filed Friday May 11, 2012:
Liquidity and Capital Resources (page 57)
"While asset monetizations enhance our liquidity, sales of producing natural gas and oil properties adversely affect the amount of cash flow we generate and reduce the amount and value of collateral available to secure our obligations, both of which are exacerbated by low natural gas prices,"We'll be back with more.
The stock closed down 13.80% at $14.81.