Banking Syndicate Approval - What has changed since?, page-25

Unfortunately I think you are right Tumbleroll. This company continues to exist but that is about it. It is wheezing under the weight of massive debts - having paid way over the odds for a bad investment. The banks haven't pulled the trigger because as a services company there will be a draw full of A4 paper and some pink ribbon to be realized in an administration. SGH can keep bungling along but the share price fairly reflects the markets' view of management and prospects.