Swc, I use to hold sgh with some conviction, but sold out at 7.2c after I saw the dilution rate ( was hoping for something in the 70-80% dilution, not 95%+).
For your vote to sway the outcome you need A substantial holding SGH to say no. Can I ask how many shares do you have? Do you know how many will definitely vote no with you? and will you and your no voters have sufficient funds to inject into Sgh if the hedge funds decides to call in their debts minimise their risk and pull SGH apart?
If you don't have the vote power or the funds to save SGH then you need to reassess your risks as well as continuously being up beat about SGH's sp.
I will consider buying back in once dilution happens, still think there is a chance to make some money trading SGH, but long term prospect is too far over the horizon, there's better opportunities else where. But will always keep an eye out for the company that lost me 100k in total.
Regards
Jack
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