Why panic my dear friend?
Slater and Gordon have not played their hand yet have they?
Cashflow is actually improving.
Restructuring and PIP needs to be embedded before getting effective.
Will/can the two major banks wait a bit longer (ie 2020) to see how it pans out?
We don't know.
Either way I don't think a company like SGH would be without a plan B if everything fails with the banks.
What is the plan B? We don't know.
We still have the escrow perhaps worth $81 million.
We may still go after the DD providers. If we do and successful we may make 100s of millions there.
And then we have our biggest asset our brand and world class staff working each day to make the lives of our clients better.
To many unknowns.
Share price of $0.10 is that cheap in that environment?
You judge based on your own research.
Me? My SGH share stays with me.
Once the times get tough the tough gets going
