SGH bear is dead and burried, page-744

". The term used in the notice of refinancing is very broad. It could mean in the end new dates make on the maturity of the current loans. We just don't know enough yet about what happening:"

Very true.

Looks like could be another move over Grover move

re the loans and term dates.

Looks more like that if they R still thinking that NIHL will deliver. They may not

even make a decision re the refinance and recap till another 6-9 months till

NIHL and full year numbers are decided.