It sounds to me like they stil hold hope of staying up, the "Rupert Lowe mentality" we had last year when holding off on administration until too late.
By signing players, Portsmouth are literally increasing their own debt, but IMO they believe they can stay up which, of course, makes a huge difference in income rather than getting relegated.
Of course you can see it, I can see it, the world can see it, everybody can see it except PFC that they're doomed.
I don't want them to go bust, no supporter no matter how inbred or moronic they may be, deserves to see one of their passions in life cease to exist. (Damn you Windsor Snooker Club, damn you to hell.)