What?
Yes, it was a lighter look at things and I thought it was funny. To be fair, other posters here who constantly upramp (while ignoring the company's own announcements) haven't been held to account and the share price has lost 25% of its value in the past month alone (leaving aside the fact they were saying the same things at 30+ and 20+ cents. And we don't know where the bottom is, yet.
I am sure everyone here is well aware that the fate of SGH lies solely with the Primary Senior Lenders (as the SGH Market Update basically said). We are all waiting on the next announcement to see what will happen. Buy or sell or wait, it is up to you, but just be aware that a debt for equity deal is coming and it was reported in the AFR that their source said a 95% dilution. Now, it may not be 95%, but what if it is 80%. And how much debt will still be in the balance sheet. Many unknown, but the market is saying (via the share price) that it is not going to be pretty.
Read the SGH Market Updates, read the H1 report and listen to the H1 webcast. These should be your primary source for information, not a random person on the internet with a Dr Seuss-inspired rhyme.
SGH Price at posting:
9.1¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)