STAGES OF CORPORATE RENEWAL
Typical spectrum of strategic options for an underforming company:

Selecton of the optimal strategic alternative for a business may entail the review of many factors, including:

• Stage of Corporate Renewal (hemorrhaging cash to generating positive cash flow)
• Credibility with creditors and employees
• Economic and industry trends
• Competitive position and customer relationships
• Viability of any new or different managerial and operating plans
• Terms and conditions of arrangements with secured lenders
• Standing with suppliers and unsecured creditors
• Extent of contingent, unliquidated, leaseholds or other possible liabilities
• Ability to restructure existing obligations and to obtain additional financing and/or equity
• Value as a going concern or in a liquidation of assets
• Time available to complete renewal