The preference of lenders is for the company to remain listed, and one of the points of discussion is whether the lenders will accept new shares as a replacement for their loans.
The main priority of the future owners is to stabilise the business, which they believe is sustainable, so that clients and staff don't head for the exits.
The same is not likely to apply to the Andrew Grech-led management and board that embarked on a UK acquisition that destroyed over a billion dollars of shareholder value in less than two years.
here what is says.
Note the point
"stabilise the business, which they believe is sustainable so that clients and staff don't head for the exits."
AG and Co hopefully are gone.
Put this on your resume boys "destroyed over a billion dollars of shareholder value in less than two year"
No better then petty robbers that need to go to jail ! GOOD work AFR on reporting what the SGH board seem not able to do.
Selling tickets to the AG and board gone party ! Dart boards and AG/JS pie throwing as the main event !
SGH Price at posting:
8.7¢ Sentiment: None Disclosure: Held
