Ann: Recapitalisation Agreement, page-106

I am Not sure you have another choice.

Its either Nothing or 4 to 5%.

They might have egg on their faces, but they will walk away with everything, whilst you get Nothing.

In fact, they are being generous by offering you 4 to 5%, in the hope that one day, perhaps in 10 to 20 years time, you will get your original "nominal" capital back.

In reality, the writing had been on the wall for awhile now - the Debt was just too massive to for SGH to trade itself out of.

The warnings had been there for a few years now - if buyers chose to invest in SGH despite the warnings, then they should accept the consequences.

The choice Now, is either take it or go into Administration.