I am back. So is SGH, page-1185

Hello fishy person.

It's all conjecture at the moment.

The hedge funds do seem to be committed to an SGH recovery. To bury the SHs would not really help their cause of recovery in part because so many of the holdings are owned by staff and they need staff to happily comply to move up a notch.

If they dilute 75% with purchase price of 30c things will look very rosy for the company and for the hedge funds. They could most likely sell 25% for more than $1 after a relatively short time and make $352M, keeping 50% of the shares and still maintain a large debt over SGH of over $400M.

So they stand to make $752 M plus interest from their relatively small investment plus have 50% of the shares or around 700M shares that they help build to be possibly worth $2 each after a while. How good would that look to their owners - ending up with $2B - for them that would be a huge win! Bragging rights and the esteem of the whole financial community.

Depends whether they have the good will and imagination to not kill the golden-egg laying goose because if they do trash the company they might double their money at the cost of throwing away the win of a lifetime.

We will wait and see whether they go the way of blinkered avarice or the much more profitable altruistic self-interest.

Someone can check/correct my arithmetic but it's the principle that I wanted to impart. These guys may just not be as petty and near-sighted as some think.

Or are they?