After pointing out: " 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".............
........you go on to say:
"However, I would take comfort from "likely" only, he's not saying "will" be burned up. Terms still being negotiated".........
Crikey - that's a relief - it's only 'likely' not 'definite'. And a further bonus is that you're comfortable with this. Phew.
What's even better is that the source of what you go on to explain is this "really good news" (although you still make the shares a sell, or you would do if you had any) is none other than Chanticleer (who I thought was a chicken in "The Nun's Priest's Tale", which I did at 'O' level) who's big on criminally leaked information from really trustworthy people.
When I read your post, I immediately thought to myself: "goodness me, that's a balanced post - it's balance itself". I bet I'm not alone in envying you your sense of balance, Alex.
SGH Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
