Correct - the fortunes of SGH are not, and never were, mutually inclusive of existing SH.
It was always likely that SGH would survive in some form and that still appears to be the case. However it was also always likely that SH who sat frozen to the spot and stayed invested while their equity shrunk to 1% of it's glory days would see it further decimated to next to nothing via dilution. That is currently in play. The only real winners in this are the hedge funds and MB themselves and once the sharks started circling the SGH carcass the outcome was never going to be any different.
SGH Price at posting:
8.3¢ Sentiment: Sell Disclosure: Not Held
