Lenders force SGH to restructure, page-34

The problem with that article is that the restructuring needs to be under way now, not deferred till Feb 29.

The FTI appointment therefore is likely to have been in response to some interim information provided (whether via MGN, EY or elsewhere). Suggesting then that they will wait until Feb 29 points to something altogether different - if the Company doesn't respond, react, implement and announce, then "we" will. Either way, in the coming weeks the restructuring that is now so necessary to the future will gather steam. It's just then a question of whether the Company is doing this or the banking syndicate. I'm believing that it is the former, led by Houghton and Millar, with added support coming from the banking syndicate. I don't think that it is being led or advanced by executive management or by the Chairman. As that old proverb says - "nay you live in interesting times". This could then equally make as it might break SGH but one thing's for certain, radical surgery has all but been ordered. It's just whether one's policy extends to selection of surgeon, or one from the panel list (aka NHS, waiting lists, etc).