Depends which way you look at it Jimk. A D4E will save the company, so it is good for LT SH. However there will be many more shares on the register, so you can forget $8 a share on a recovery. Even if they only double the issued shares $4 will be the same as the old $8. If they issue $300 mil worth of shares to get the debt in line your looking at a lot more shares on the register, maybe 4x+ so $2 becomes the old $8.
Do you understand what it means?
SGH Price at posting:
23.3¢ Sentiment: Sell Disclosure: Not Held
