RE: How would you react if the 2nd haircut level is reached?

I think that once price drops below a nickel we won't see much participation anymore, and many will give it up as a dead project. If we hit thirty percent debt and the HBD peg is gone, the party is completely over. I'm not sure things are reparable at that point, and to be honest I worry they may not be now. No one seems to have taken any real steps to cut spending since we hit twenty percent, and the interest rate remains at an unsustainable fifteen percent on HBD. That needs a serious haircut for starters, and then the wasteful DHF needs to be reformed.

Then again, I seriously doubt any of that will happen. I think too many feel the ship is sailing just fine, and panic won't set it until we drop below a nickel.