to an all-time low: Canwest is 27 cents. The equity value of the company (the total of all the shares at 27 cents) is about $50 million.
Meanwhile, the Globe says the chickens will come home to roost by the Ides of March. Canwest has a $38 million interest payment due that day (a Sunday). It does not have this money. And even if it did, the rest of the bankers won't sit by while one creditor gets paid and the rest of them circle the drain.
So it really will be over next Wednesday, when the last extension by the banks times out.