Slater & Gordon looks to be winning over its bankers, page-102

Those who tell that the company is going to issue billions of shares are knowingly or unknowingly misleading the readers. As both MF and AFR clearly suggests, banks have asked the company to reduce its debt by a equity-swap and have not asked to fully pay the debt. According to MF, amount of reduction is about $100 millions at suggested price of 50 cents. According to my calculation, this is only 200 million shares. How come it amounts to billions of shares?

By the way, following is one of my earlier post on SGH. It looks like I got it correct. This shows that the company is worth a lot. Creditors need a piece of it. Once the equity-swap deal done, SP will rocket.

Have you noticed that every time the SP is about to take off, something with no real content comes up and pushes it down? This has happened on multiple occasions. Someone with big pocket is playing the game. Who really wants to see the SP going down further? It cannot be shorters. They cannot gain much at this level. Is it possible that creditors are playing the game aiming for an equity-debt swap? ( posted on 11-04-2016, post number 17473292).