SGH are not insolvent. Insolvent companies are not allowed to operate in Australia. Do us a favour and read the lenders sales document (or explanatory memorandum as others call it) It clearly states that SGH is solvent and that the next major payment is due sometime next year. It also clearly states that SGH are in control with their cash flow.
What worries me is:
- why do the lenders want all of the SGH UK? (is it because of our $1billion lawsuit of WTG or is it the NIHL where most expenses already have been paid?)
- why do the lenders not want to tell us the current situation of SGH? (is it because we are doing well and they fear we will vote NO if we know that?)
The above alone is enough for me to vote NO to the American lenders and NO to the SGH board.
I can vote because I am shareholder. You can't because you sold your SGH shares with massive losses according to yourself
Now please leave the voting to us shareholders. We can probably make our own individual decisions without your 'help'.
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