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SGH

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54.5¢ slater & gordon limited

Lol It was spelt out nearly 2 months ago this was going to...

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kpkg

4,149 Posts.

19/04/17

21:31

Post #: 24152526
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Originally posted by jimk3758 ↑

If the AFR article is correct and there will be a D4E swap what does this tell you about the long term value of the company? I'll repeat again IF the article is correct then why would debt holders give up their securityfor equity if the company is a basket case?

AFR has been far more accurate then management announcements have been. Debt holders will only trade D4E because they will own 95% or more of the company. Current shareholders will own 5% or less.

We have been lectured by all the downrampers that the company is a basket. Then why swap secured debt for risky equity?

Debt holders will only trade D4E because they will own 95% or more of the company. Current shareholders will own 5% or less.

Downrampers who have spent months writing long self serving essays have been wrong. I'll repeat it again why would debt holders give you their security if the company has no future?? The debt holders are going to become equity holders. Why??

Debt holders will only trade D4E because they will own 95% or more of the company. Current shareholders will own 5% or less.

Because they see value and a future in a restructured balance sheet and they must see a higher equity price in the future! All IMO!

Agree they see value and a future in a restructured balance sheet...doesn't change that they will own 95% or more of the company and current shareholders will own 5% or less.

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Lol It was spelt out nearly 2 months ago this was going to happen yet people still don't understand the gravity of the situation.
Shareholders are going to left with 2/5ths of f all.
The 1000s of garbage posts on this forum stating otherwise has been nothing but delusional.
Wake up and smell the reality ....if you still own shares and haven't taken advantage of selling at 10c while it's been there then you simply have rocks in your head.
Soon enough those very shares will be sub 1c along with the billions about to be issued.

SGH Price at posting: 10.0¢ Sentiment: None Disclosure: Not Held
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