D4E ratio, page-8

I see people are thinking about the level of dilution, but many seem to not be thinking that SGH is losing money and will need lots of cash to keep running. Who is going to put this in? It won't be the vulture funds that just bought at 22c in the dollar.

There is also the slight issue that any d4e will substainly push up the interest bill for SGH. Sure they might have less debt on the books, but they are not likely to reduce the servicing cost by much. Back to square one.

About the only positive I can see is the board and managment will be going very soon.