Who the hell is buying ??, page-177

Essentially the banks really don't care about the FY17 results - they are going to be pretty ordinary anyway. The banks care about cashflow - positive cashflow, to be exact. Because that is how they get paid.

The Market Update showed that SGH is in negative Operating Cashflow for H1 - not a good sign for a business with a large amount of debt.

The banks have a big headache with SGH and they are working out the best solution for themselves. If SGH keep burning up cash, the banks will just pull the plug as they will have no choice.