I could be reading between the lines incorrectly here (first time for everything), but doesn't this intervention by Birch suggest that a sale of some kind is now more likely than liquidation?
Or, does it make liquidation the more likely outcome as he's trying to protect as many of the assets as he can (as they obviously still have a value once the company has been liquidated)?
I'm probably more confused as to the likely outcome now than I have ever been (which isn't saying much)