When Helphire (now Redde) in U.K. which is a similar company to...

When Helphire (now Redde) in U.K. which is a similar company to SGH, had big debts and poor cashflow a few years back, it swapped debt for equity and had a simultaneous rights issue to raise new capital.
Prior to the capital restructuring its shares had been trading at 0.7p each. After the successful refinancing/capital restructuring, its debts were negligible, and it consolidated one for ten shares. So 7p effectively.
The current share price three or four years on is 170p or thereabouts, with a yield of more than 6%.
I am not saying that the same will happen here, but it's worth remembering and maybe researching. Ticker is REDD on LSE.