Today's announcement not good news. So we now know Sgh...

Today's announcement not good news. So we now know Sgh management arenot corrupt but just inept. I probably prefer corrupt. You have no hope if you are inept. This idea that no creditor ( fellow legal entities ) is concerned about the credit worthiness of an exposure to Sgh is laughable. The banks took about 20 cents in the dollar for the previlige of running away.That doesn't mean Sgh now owe 20 % of the original debt. They still do. It seems there are forces at work in the UK to distruct Sgh. Not good to be a part owner of that nonsense.