My first thought was how this could be released without a TH...
As far as the buying, remaining shorts closing out to move onto the next victim? Or there's always those stragglers who don't understand what's just happened. "They agreed to a recapitalisation, we are working with lenders this is great! Look how much the debt has reduced!"
In fairness, it could have been worse. 5% (although 4% after warrants) is better than 2% or $0 in admin.
SGH Price at posting:
9.9¢ Sentiment: Sell Disclosure: Not Held
