Slater & Gordon looks to be winning over its bankers, page-45

Agree,
There is no reason to leave anything meaningful for the shareholders.
My guess would be at least 90% dilution, then a consolidation.
Just enough crumbs left on the table to make sure a shareholders vote for the raising goes thru.
SGH might well be $2.50 afterwards, you will have to have had 100 25c shares to start with, to end up with one.
Article suggests SGH will survive, but with different owners.
Sick bit, is that the present managers who orchestrated this debacle, probably keep there jobs