The ending result is the same, whether you take over 95% of physical shares on issue. Or whether they issue 95% more shares and split them back to the 300mil odd we currently have. SP wont be 9c. Changing the ownership of shares as opposed to issuing billions of new shares then splitting them back down is actually much more cost effective scenario.
"Not certain therefore how you can get to a $1.80 position under any type of scenario (plausible or otherwise) which gets you to this (ie: a >$12 Billion MC). "
To relate back to your initial statement which somewhat annoyed the crap out of me.
The case of physical share ownership being stripped away and given to bond holders/note holders is not only plausible but a fact which is now embedded in Australian company law and as a result a precedent now exist for it to be applied to SGH.
I think i deserve an apology of some sort?
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