@ DANNY
I agree with your general thinking re the dribble being written by one SGI holder.
But the Creditors hold the whip, not Greywolf, should there be an insolvencecy and Admistrators are called in.
In nearly all cases generally , the Creditors call in the Insolvency team.
In this case there are so many moving parts( legal + creditors) that Greywolf would really have their work cut out to
make a buyout offer and turn a profit.
Too Hard, much easier ways to turn 1$ into 2.
No one in their right mind would participate in a capital raising unless an activist presented a way forward for equity holders
as a sucessful stand alone entity which would cleary improve the situation for SGI holders over and above the existing offer.
As we all well know, the order of distributions in an Administration are the Insolvency Firm then Creditors & lastly equity holders.
In this case next to impossible to see Equity holders receive anything at all ,especially an Enterprise with an empty treasury
and tough to quickly sell assets.
Good Luck to all,
Best wishes from CH,
S.G
@ DANNY I agree with your general thinking re the dribble being...
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Change
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Mkt cap ! $223.7M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.06 | $1.00 | $322.3K | 313.6K |
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| No. | Vol. | Price($) |
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| 1 | 500 | $1.02 |
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| Price($) | Vol. | No. |
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| $1.03 | 96000 | 1 |
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| Last trade - 15.59pm 04/06/2024 (20 minute delay) ? |
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