In a previous post on another thread, i said that i hoped that our CFO has another card up his sleeve.I believe this is it and SGH is getting advice on restructuring or refinancing of loans as they want this to play out in their favour not all tbe banks way.
Even a potentially positive event broadcast in the media causes panic in the market. Everyone is so pessimistic on this stock they cant see the positives, and probably rightly so given recent history, but personally I am not yet concerned, this is all part of the process.
I wont be buying or selling till i have more concrete news on what the future may hold. Only 3 weeks till end of month, so look forward to news shortly.
SGH Price at posting:
22.3¢ Sentiment: Hold Disclosure: Held