Who the hell is buying ??, page-206

The other major issue in the announcement was the downturn in business in Australia due to damage to the SGH brand this entire mess has caused, resulting in effectively making it highly unlikely SGH can turn things around as the brand is likely to be damaged further. (IMO impossible but I would love to be surprised here)

With debt increasing, 2 class actions in play, media likely to have even greater field day in months to come, SP down almost 98% from $8 high, why would anyone who doesnt already have a file with SGH decide to employ them? I think significant new business is going to increasingly struggle to come SGH's way

There are many posts on here trying desperately to find some glint of hope and others that just pull utter nonsense from the cosmos. Imo the offer SGH should be putting to lenders is asking for more money and to push the loan down the track, all in. This should be with an agreement to spill the entire board, bring in new board and teh shareholders in the existing board should agree to a huge haircut, NOT the lenders.

The new board would then have a working company, new brand, dead weight gone, the board that caused the mess punished financially and full steam ahead.

Wishful thinking but if I thought there was any hope here at all, thats what I would be wanting.