Fish, it is not my responsibility to educate you or others. The school system and life after should have taken care of that. If you feel you may have been let down in those areas maybe go to SGH for advice?
On another note. If I vote yes to the lenders proposal (yes they want that deal) then I as a shareholder will do as the lenders want me to effectively handing over 95% of my shareholding in SGH Australia and 100% in SGH UK. I don't know about you Fish but that does not sound like a flash deal for me?
I am voting NO to the lenders proposal and will let others decide on their own what they want to do with their vote.
If a NO vote gets up then it is unknown what will happen. I think that unknown is better than a yes vote where I have no return. That is my position based on my shareholding and risk profile.
A few things I do know:
- this is Australia and we do have certain rules (do Anchorage want to test those rules?)
- SGH is worth more alive (so will Anchorage try liquidation?)
- we have a $1billion lawsuit in the UK against WTG (is that worth hanging out for?)
- our Australian and UK businesses seem to get on with business as usual (to me the business model is ok - we just need to put our troubles behind).
That is just to mention a few.
Do your own research.
SWC
WTG Defence, page-244
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