There is 2 factors that will determine the share price moving...

There is 2 factors that will determine the share price moving forward.

1. The D4E ratio
2. The amount of net profit

I wont disagree that any D4E ratio and any dilution is important. It is however in the unknown so I don't really know how you came to the above 80% dilution?

And of course if any debt is exchanged for some shares that will decrease SGH debt will it not and that by itself will help our future earnings potential.

I think your calculation for the cashflow is incorrect.

Don't you think that once we come out of restructuring and performance improvement plans that we should be able to have a steady cash flow of at least $70mill which is 10% of a conservative estimate of a 700mil revenue?

I would even think that over time a revenue of $700 would yield a positive cash flow of $105mil (15%).

But for this example let's stay with $70mil and 80% dilution. The original shareholders would then be entitled to $15mil (just under $0.05 per share).

The above are very conservative figures in my opinion.

But even then the current share price is clearly not appropriate