I'm still trying to work out who bought that 50+ million shares that changed hands last Thursday/Friday after that carefully worded, unsigned, announcement.
Anything that was traded went in a flash - with seemingly little regard for the possibility of the SP contining it's downward spiral.
Shorters? - might make sense.
And who's working at keeping the SP down every market-close.
If anything SGH seems to be quite up-beat about re-financing in it's media releases - like it's going to be almost a formality to work out a deal with lenders - even if cash-flow doesn't improve.
Possibly SGH has sold lenders on it having massive income in the future based on it's CAs.
Surely if SGH was in a price-sensivie crisis, right now, it would have to issue a statement.
At the risk of sounding like Krispy - strikes me all is not what it seems.
Anyone got any ideas.
SGH Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held