The banks would be in a strange position when it comes to a swap. They have almost all the leverage in negotiations but wouldn't want to completely destroy shareholder equity, as many of the employees/management have equity and they'd in a sense be diminishing the quality of their assets (employees/management) because the more diluted the shares become, the less incentive the employees/management have to perform.
SGH Price at posting:
27.0¢ Sentiment: Hold Disclosure: Not Held
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