As the creditors seem to have agreed, either they restructure or place, but with literally only a handful of shares in public hands it's a win win either way for pi shareholders Imo. As they will be sold to sticky holders.
I disagree that the herd will arrive BTW. Except to say shame they missed it. I was banging the drum here at 1.1p asking why nobody seemed interested in it. I wouldn't be surprised to see less than 100 chat posts here today
It should be pointed out as well those looking at past cash flow as a guide to the future, I believe the cash requirements here has substantially dropped now, meaning it will last a lot longer.