"Also good luck to the hard working SGH employees who deserves the best possible company to work in"...........
..............they won't have one if shareholders don't vote to support the proposals. The secured lenders won't improve their offer because they know that if they did, people like SWC would fill everyone with guff about things like $1bn coming from WTG, the entire worth of which is less than 10% of that sum and has no insurance to cover the spurious claim because it alleges fraud - and they'd vote no to the next ones as well.............and so on.
Re: "why do the American lenders want to take over all of SGH all of a sudden?
Please define: "all of a sudden". The current owners of the crippling and unsustainable debt that amounts to near enough $1bn that the company you and other similarly delusional shareholders claim is yours have made it clear since they bought the Australian Banks' debt at deeply discounted values they intended to recapitalise SGH - which they have offered to do on terms most people with any knowledge and experience of situations such as this can understand.
https://www.ft.com/content/cdbe2a9a-0aa7-11e7-97d1-5e720a26771b
You continue to be economical with the truth right to the end. I believe you to be a disingenuous individual who had misled anyone who has taken notice of anything you have written in well over 1000 posts, always advising others to buy at prices from 30 cents to today's 3.8 cents. I note the different style of writing and presentation in your latest post, which causes me to doubt your authenticity even more.
A 'No' vote would of course be very good news for some of SGH's competitors because it would cease to exist and sections of its AU practice might become available to buy at favourable prices.
DYOR
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Ann: Recapitalisation and AGM, page-102
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