Slater & Gordon looks to be winning over its bankers, page-72

Londoner

I agree with you.

There's some mixed messages and some very strong warnings that existing equity could be completely wiped out, e.g.
"the firms' total $90m remaining shareholder equity….will likely be burned up as part of restructure".
However, I would take comfort from "likely" only, he's not saying "will" be burned up. Terms still being negotiated.

But on balance, reading whole article and tone of it - also the actual published headline in paper AFR version today "S&G Defuses Debt Bomb" there is no doubt in my mind that this is a positive story. Coming from Chanticleer - a proven credible source in relation to the goings-on with lending syndicate at SGH - in all circumstances it the story is really good news.