Tellurian needs to fix their Finances Urgently

$Tellurian (TELL.US)$ has covenants on some previous debts that require them to maintain liquidity of atleast $50 million. This secured debt is collatoralized by the upstream assets of Tellurioan, the most integral part of their cash flow. Given they ended their last quarter with 59 million in the tank, and then proceeded to dilute with proceeds of roughly $30million, its not looking good. Realistically Tellurian should give up the idea of building out the driftwood facility and sell it to a player with the capital to proceed. However, I think buyers will look to scoop this up for pennies in bankruptcy. If you plan to invest in this highly risky stock, I recommend going for the senior unsecured notes for better prospects on coming out with anything in bankruptcy.