Are you going to put up money more money into a capital raising?
As each day ticks bye, the most likely outcome is a flat out rejection of the plan, thereby creating a forced administration. This will be done by calling in their loans.
That way the banks can organise a private equity buy out of the entire company for all or a proportion of their debt.
End result shareholders get nothing.
SGH Price at posting:
38.8¢ Sentiment: Sell Disclosure: Not Held