Things could start moving quickly now

SGH current MCap $24.3Million
The liability to repay Anchorage is many muliples of this so shareholders would get zip for years to come (if it could stay trading).

It's pretty obvious that the faster return for the AC is by taking SGH private and that will allow them to liquidate the assets efficiently in a way that recoups some of the losses (on lending) for AC.
It reduces their exposure to a total collapse of SGH, as the market begins to realise the precarious position it is in, so time is obviously of the essence here.

SGH key assets, it's staff are leaving and I cannot imagine any credible future customer passing work to SGH after they do basic research.

SGH litigation against WTG appears to be (imho) an attempt to frustrate WTG, to settle for a percentage early.
Of course this won't happen since WTG have the much stronger case, they don't need the cash so patient (and/or opportunist) WTG investors will eventually be rewarded, but it could still be years away.

SGH could waste yet more cash (possibly for years) chasing rainbows to zero benefit to existing (or naive new) investors.
Private Investors know that this is their cash that is being spent and they will not see any of the benefit should the miracle happen so I imagine they cannot justify staying invested.

I cannot see any possible benefit to investing in SGH now I'm afraid, more to the point any investment is now critically at risk.

AC must also recognise this and realise there is no credible benefit to waiting in hope, all the time bleeding cash, and no possibility of new investors, and little chance of preserving a customer base.

Forcing an aggressive breaking up and selling the assets, either via direct liquidation or moving private first and doing it out of the glare of message boards like this is the probable only route.

I'm anticipating an imminent announcement that will shock and appall investors.
The details in the defence from WTG indicate just how fragile SGH is.
Acting quickly is probably the only way to repay it's major investor (lender) so I'm also anticipating shareholder capitulation soon.