Profitable or not is just news in the grand scheme of things. Dilution is still better than liquidation for current shareholders, hence the lifeboat metaphor. Rather be in the game than dead. The bad news that was known about is now gone. Sure more bad news can appear, as always the future is unknown.
It's over the moon news for Anchorage, no doubt. But it is not bad news for current shareholders. SGH shareholders are in a better position today, than last week. This all depends on when you entered the race don't forget
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Ann: In Principle Conditional Settlement of Hall Proceeding, page-40
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