Finance, page-14

I think JEs point is valid. Comparing SGHs with its prestigious past reputation should not be compared to a startup company, it's not a fair comparison. TV2 could not hoodwink a bank into getting a loan in the way SGH did. There are probably better examples to use than SGH that I'm unaware of.
Banks can request information from a company that a retail investor could never get hold of in a capital raise, hence banks are able to undertake a more comprehensive risk assessment than your average family retail investor.