This is what rookies do. Get scared at the bottom and sell out.
Any way .UR call UR money.
Now SGH as a company and as a business is a very very different scenario.
It is not a typical dead company.
I think market is in for a shock when the terms of SOA are announced. Price has been holding at 12 cents as if some one has buiklt a dam under it. SOME nervous hands bailed out at 12 on market and hence it breached 12 for a short while with v v little volume there.
Senior lenders bought all the debt for just 250 million dollars.
750 million is the revenue of SGH.
Last half normalised was positive.
This is not the type of company anchorage will touch every day.
They will need to work with the BOD, employees to stablise and grow SGH.
That can happen only in one way and that is to have a fair deal with SGH BOD .
Negotiations start at 250 million where they purchased the debt and for a 750 million to 1 billion revenue company which can be turned around.
13 cents reflects short term sentiment of the market and not normal market price when a company like SGH sizxe is put in the international market for sale.
So get this into UR head. And yes all the juvenile deliquents making stray remarks like early released prisoners as all cant be there ,
i consider it below my dignity to respiond to them.
So if by mistake U were not on ignore, i will rectify my blunder.
Having fun.
