Can SGH be saved, page-10

Yes you are correct - this is a given.

BUT

The Banking syndicate will not sit back and let it just happen from cutting costs. The risk is that even after a heavy costs cutting strategy, which more often than not increases cash outflows to start with, SGH will be no closer to paying their debt back. I believe they will want up to $350mill back NOW.

Their exists a risk that cost cutting could damage the revenue earning capabilities of SGH. Its a vicious circle.

Cost cutting plus massive immediate reduction in debt is the minimum outcome.