@bensterz ..... I remember 18mths+ ago or so you posted here and if i recall correctly you have had some experience in administration or liquidation of some Law firms around the GFC. So i thought you may have a rough idea on what would happen if SGH went into administration.
I was wondering what would happen here if a NO vote by the SH got up, thus probably making SGH insolvent as stated in todays announcement (Link Below) from the company in relation to it's clients and customer cases? What happens to the client/customer cases if SGH becomes insolvent? Do they just go to a new Lawyer with the cases files or do they need to be sold or what, i have no real idea about it sorry. http://www.asx.com.au/asxpdf/20171129/pdf/43ppn114hsqdcm.pdf
A poster on here seems to think a NO vote may force the lenders to re-negotiate or some new ones (lenders) or deal may appear from somewhere, or something along those lines, is that possible when the senior lenders are keeping this afloat?
Thankyou for your time.
SGH Price at posting:
4.0¢ Sentiment: Sell Disclosure: Not Held
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