A yes to the lenders proposal means the SGH shareholders are out of future winnings on the WTG $1billion lawsuit (except for a handful of peanuts).
If I want to have a chance to get part in a successful lawsuit I need to vote NO to the lenders proposal. That is just how it is.
To me that is worth the risk of losing $0.07 (today's share price) which I could easily do anyway if Anchorage gets 95% of Australian shares and 100% of UK shares.
Sometimes in life you take a chance. For me this is one of them.
Non-shareholders don't like it. But there is nothing they can do about it
It is time for action.
All in my opinion.
SWC
SGH Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
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