Chief Executive Trevor Moore tells me they hope to have more answers on what happens next for HMV in next 24 hours.
He says he hopes that the existing management team can stay in place and lead a new, if smaller HMV.
He and the Finance Director are very bullish about being able to save something from the business.
Following outrage from customers, the administrators running HMV have announced they will honour gift vouchers for the high-street chain.
HMV is not honouring its gift vouchers, leading to an uncertainty that is threatening to change the way Britain gives its gifts.
The boss of HMV said he is confident a solution can be found to keep the brand on the High Street. In what form, however, is less clear.