So it really doesn't matter what Anchorage thinks - the insurance company will be looking out for themselves first. If I was the insurance company, I would have to seriously consider investing $5-10m in lawyers fees to defend a potential $100m in a payout. I would not just think the directors are automatically "saved" by the insurance. Also, we all know that insurance companies have many clauses and exclusions, so don't just assume that this will all work out nicely for SGH/Anchorage. Yes, a mediated outcome is possibility. But actually how probable it is will be for the experts on the inside to work out.
SGH Price at posting:
7.4¢ Sentiment: Sell Disclosure: Not Held