Things one may consider before buying or selling, page-43

Bashers ,scared longs thinking of equity swap for debt. We dont know what is in the SGH kitty at the moment. If things were so bad and future looked the way it is being painted all over the world, we would have seen OPEX long long ago. That too massive ones.Although some wise planning and tinkering could have also done the job.
So it all depends how the cash register is ticking and how it is going to tick in the coming months and qrtrs and what sort of restructuring plan SGH has to cut expnss and conserve cash. If they can manage that and convince the banks re that , there MAY not be any need for the equity debt swap at the moment.If NHIL comes home as management still has not changed their views, then wehre is the need for debt equity swap. So it is all up in the air and we can all keep guessing and expecting/painting worst case scenarios which may not be the case.However in the 1 H report they have talked about restructuring of the company and capital restructuring. One can make out what one wants to but it will be confirmed only when it is out as capital restructuring can involve lot of things with or without equity debt swap with the banks.