Buying SGH, page-108

Well we don’t know what is in the covenants, but one thing that will make the banks step in early is if there is a run by the non-secured creditors. It won’t take very long for SGH to run out of working capital if all their suppliers start demanding cash up front.

The other thing is the board might actually get off their backside and call in the administrators - not likely given their lack of action to date, but who knows.