I agree AGENT, but there is no need to extend the loans , none are due before 2018, unless called earlier as per H1 announcement. The banks are in business to lend money , receive interest until loan is due to be paid back. Then the loan is paid back in full, or new terms are negotiated. If Q3 ( and this is a big if ) is cash flow positive , then IMO the banks should allow SGH to trade as normal, pay interest on the loan, maybe at a higher rate because of increased risk factor, and continue to monitor very very closely until loans are due. What is the hurry, these loans were not due until 2018, what difference if continue to trade and then review when loans are actually due ,not now.
SGH Price at posting:
27.5¢ Sentiment: None Disclosure: Held
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