29 February, page-55

I'm going to add to this: With so much EV tied up in Goodwill one has to question how SGH is going to achieve an acceptable EV to debt ratio (which generally is a banking concern), after the almost certain write downs. As such bankers are unlikely to extend another debt facility with the same amount of the EV of SGH is reduced. As the full debt cannot be rolled over SGH must raise equity to satisfy banker concerns.