Suspect at this stage you are correct given time banks have provided to SGH management to develop a credible plan to improve earnings, cash flow and make meaningful debt reduction by end of this month.
Risk will be that, even if a plan is put forward to the banks at the end of this month which the banks are supportive of, SGH shares are susceptible to the banks making the debts repayable sooner during the next 12 months if they are not satisfied with management's progress in deliverying on the submitted plan.
SGH Price at posting:
37.0¢ Sentiment: None Disclosure: Not Held
