What we know from the PR is that in the opinion of management the company is in a "dire" financial position, or terms very close to that.  Another way to put it might be broke or very close to it....moths in DM's corporate pockets so to speak.

We also know from today's PR that the replacement loan with an institution affiliated (directly or indirectly) with Eastern, aka KD...that this replacement loan hadn't closed as of the time of this PR.  

The PR then mentions (as has been discussed) that the interest rate on the "undrawn" portion of the Letter of Credit (which I take to mean Line of Credit) increases from 3 to 12%.  Okay...full stop here.  Is the new LOC going to exceed the 68.8 million already owing?  We're told the LOC is expected to be closed on or before Aug 31st....so there may be more details to follow.