Buying SGH, page-105

The report on Monday says that covenants have not been broken and lenders have given the company until the end of May to come up with an acceptable recapitalization plan. According to the law, banks cannot ask for a VA before this agreed date. Some posters suggest that much has changed since the report. What changes are they talking about? A drop in the share price is not a breach of covenants. Please do not mislead holders by VA fear, which might happen after May, but definitely not now.