SGH debt trades at 38 cents in the dollar, page-171

Read my post again did I mentioned anything about shareholder or equity holder?
I am talking about debt holder

99% of the time sharehoder get zip zero when company goes under, even bankers get a massive hair cut when that happen

The only reason sgh still going and bankers hasn't pulled the ping last year because they know they get little for their debt so they keep them afloat force them to stop dividend payment, whatever money they make, they must pay the bank first
Once the bankers got their money they couldn't careless what happen to sgh