Ann: Suspension from Official Quotation, page-289

I just don't understand the logic about administrators being appointed. What scenario would warrant the board appointing administrators? I think people are confusing it with receivers appointed by the bank however that brings us back to square one, even if the write down of WIP triggers a covenant what point is there for the bank in appointing receivers? The banks would have less chance of converting the WIP to cash by letting management continue with conditions such as preventing dividend payments, cutting costs etc.

I am not a SGH holder and could be way off here, I stand by previous comment that I think there will be write downs however not as drastic as people think and the share price will rocket. The suspension is there for the purposes of continuous disclosure as the price was moving up on leaked information.

I am the Iceman!