SGH 0.00% 54.5¢ slater & gordon limited

Who the hell is buying ??, page-228

  1. 482 Posts.
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    Shareholders can vote at AGM's and receive dividends if the company was in a position to pay dividends however you will not have an option to say yes or no to whatever demands the creditors make should the company breach their contract with them.

    While the company will get to present a proposal to the creditors, whatever happens from here will need to be approved of by the creditors and therefore it will ultimately be decided by them (the creditors) how this unfolds and their decision will be around maximising their interests (the creditors) and their own share holders. They certainly won't care about SGH share holders, if it helps you guys then that's nice for you but incidental to the creditors, either way you won't even get a look in at the big table. In fact you won't even find out til it is done - so don't kid yourself.
 
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Currently unlisted public company.

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