I am back. So is SGH, page-373

Funny 'what if' analysis there Steve. Have you ever considered asking for a refund from the business school?

I am still at a loss of how you get to your dilution result. Are you able to show us your calculations and amounts so we can double check? Thanks Steve

I think at this point we can conclude the day by saying that if SGH had a future revenue of $800mil and 15% profit margin the share price may be $3 (as worked out by you).

So following my calculation a D4E swop should be $300mil of debt for 100mil of SGH shares.

I am happy for other posters to provide other scenarios (ie revenue amounts and profit margins). We may then get others to work out the share price on that.

Cheers everyone happy Saturday