OR Bankruptcy?  What if the lines of credit are called? We have so little information forthcoming from this management team anything is possible. You can consolidate all you want but it makes no difference unless you can convince another entity to buy your consolidated shares (30 for 1 new anyone?). The fact is Kehoe has shown he is so inept at this why would anyone want to give him an opportunity to drive this company further into the ground? And I can't see the company being bought if he is part of the package? 

As painful as it would be I would accept a consolidation as long as he is not part of this company going forward. At least we might get our money back in ? years.