For me I am expecting some pretty negative news on Feb 29 but at these levels is about what is factored into the share price and how much worst news is potentially factored into the share price then what will be delivered.
What lot of market commentators miss when making flippant comments on this stock about accounting issues etc is that is all very well if this stock was trading at $8, $4 or even $2....but its below $1 and all this stuff is pretty much known and factored in for current share price, including good will writedowns. Which is why I slant towards the share price heading up on release on Feb 29 from these levels.
Time will tell.
SGH Price at posting:
83.0¢ Sentiment: None Disclosure: Held