Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from the line of Terry Peters from Canaccord Adams. Your line is open.
Terry Peters - Canaccord Adams
My question is really on the recapitalization plan that you are working towards this quarter. You have itemized a number of different measures you are taking a look at. Is there a way in which you could prioritize what you would prefer to do first?
Tim Granger
What we'd prefer to do and what we want to do is recapitalize our organization obviously. We are looking at a number of opportunities and we are just going to determine which one would create the greatest value for the shareholders and proceed with that plan. So I don't want to get into too many specifics right yet as nothing is signed at this point in time.
Terry Peters - Canaccord Adams
So you're going to look at all of them and rank them as to their net impact?
Tim Granger
Basically whether you look at the sale of an asset or debt for equity or new equity, they are all an equity issue, if you will, of some sort. So it's which one would create the most value to their shareholders going forward.
Terry Peters - Canaccord Adams
Can you elaborate on any kind of discussions you may have had with the bondholders as to where their heads are at?
Tim Granger
We've had discussion with the noteholders and we understand a conversion price that we could proceed forward with. So now we are just determining the value of that compared to other options.
Operator
There are no further questions at this time.
Susan Soprovich
Well, thank you very much. If there are no other questions, we would then like to thank everybody at this call who attended and look forward to speaking to you at the next quarter conference call.
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