All SGH questions - put here (financials ONLY), page-396

Can't say that the position is like that. Nor is the payment considered unforeseen. It was to be expected.

The surprise however is that it has to be made on or before the 28th being one day prior to the H16 results being announced. So, if for example, the H16 numbers were to be bad then the requirement of this payment being made would simply compound the problem.

There really is a perfect storm forming but instead of getting into the front foot SGH is still in reactive mode, waiting until something has occurred before either saying something or advising a particular outcome.

They need to get some headroom developing but things like the OPEX cuts, suspending the dividend, cutting staff (at least 10-15% so at least 535 - 800 depending on whether you take the Jun30 5350 numbers or the Dec15 5500 Brightstar numbers), are either still in their infancy or still reflecting as a thought bubble at this time. That's the problem. Leaving everything very late indeed.