$1 within 2 months, page-118

The other thing I was thinking was how unfair it would be for the banks to steal a big chunk of equity at this point

They have threatened the company with withdrawing loans and given them a 2month deadline and then allowed the shares to trade in a panic with antiSGH sentiment in the media. Then they have leaked stories to the press suggesting the relationship was "frosty" and actively impaired the debt and leaked this to the media, then demanded a CR. Takes "bad bank" to another level really. I would say existing shareholders would have a better chance at a CA against Westpac if they force a CR