Mgrath nicole has merely made an observation that with current cashflow debt cant be paid till May 2018 - No one expected them to pay this debt by that time any way.
restructure also means that debt to be paid in 2018-19 to be spread out to 2020 and beyond to give company breathing room
This is Bryce Houghton's job anyway to navigate these waters and find a solution for the long term sustainability of the company
At these levels issuing more shares in any form is not going to be profitable for any party.
SGH Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
