SGH is a mess - what a disappointment, page-25

How about these steps.
Hair cut of 40% for lenders.
Convertible debs to be issued for remaining loan

3 years out conversion or May 2019 conrsion/when loans were to fully mature at

20% discount to market price of SGH at that time.
NIHL delivers 100-300 million.
70% of that money used to buy back SGH from the market.
I presume there R lot
of very wise people sitting there to sort this out and they have more skin in the game than U and me.
Banks just 700 million plus
and AG and others just 5-10 million shares each.

Makes sense i think.