The two big banks have not sold their debt. I'm pretty sure that the two big banks also took up the warrants in lieu of the loan amendment fees. So isn't that saying something. Why worry about what one of the smaller lenders have done.
That's my take on it anyway and which is why I am not concerned. Now convince me why you see it as a big deal.
SGH debt trades at 38 cents in the dollar, page-70
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