SGH bear is dead and burried, page-38

Again, these theories make absolutely zero sense in regards to the fact that the board own over 20% of the stocks. They'd all be sacked and replaced in that case as well. The banks don't own the company, at this point the directors would be better off driving this company into the ground than accepting administration. Why in the world would you accept your sacking and destruction of your wealth for the sake of appeasing bankers? It is also illegal to continue operations with a listed company that is insolvent, and could result in direct liability of the directors to pretend this company has a future if it doesn't.

It's a possibility, but to act like this is some mass conspiracy against shareholders is plain idiotic. The situation clearly isn't worse than it was 12 months ago when the majority of this board was calling it a screaming buy. If they were about to shut up shop, they'd do it, not beat around the bush. If that was the case, the directors are only setting themselves up for further legal action against them.

It makes a great narrative for media folks, but at the end of the day it makes little sense.