It is with fascination that I have watched you give this a positive spin all the way down from the 68c high on August 24th 2016. The best explanation I have seen so far for buyers coming in when it dropped to 18c is that 18c is exactly 50% fib retrace from the 27c close yesterday and likely all the shorters wisely picked this as a very good opportunity to close and pocket huge profits. In their absence we would probably be sitting at under 15c and maybe lower.
SGH has $840mil debt, and they have stated their operating cashflow will remain net cash OUTFLOW, so they will have MORE debt, at least in the immediate future. And they are trying to get the banks to agree to a DFE arrangement in a desperate bid to remain viable, which the banks immediately rejected.
There isnt a single ray of hope I can find in this entire shambles, and you have the audacity to continue to attempt to mislead this entire forum with your relentless assault of misinformation. I am indeed fascinated, and a little disgusted, I like making money, but misleading people with misinformation is where I draw the line.
SGH Price at posting:
20.0¢ Sentiment: Sell Disclosure: Not Held
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