I think you may be missing the point, Jim. Merill Lynch and BofA are teddies.
Successneverarrived explained it all in a scholarly way to us lesser mortals (puppets even).
The whole thing has been set up in the way it has to protect the interests of those who owned 100% of what was worth nothing but who now own 5% of next to nothing that is strangely valued at about 10x more than it's probably worth. SGH's main assets appears to be "hope". It's not unlike goodwill in concept and similar in worth to (for instance) SGH's $1bn claim against WTG.
There are surely better companies in which to invest one's money. Any other would qualify with flying colours.
jmofwiw - this looks an unhealthy situation for the 5% to me..............
SGH Price at posting:
$3.30 Sentiment: Sell Disclosure: Not Held
