SGH 0.00% 54.5¢ slater & gordon limited

Iam out Totally, page-234

  1. 1,136 Posts.
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    I believe banks will extend the term of the loan and that is the best available option for both parties. In relation to D4E, everyone knows that it will not happen at these prices. It is not in the best interest of banks to holds billions of shares of a law firm and definitely not in the best interest of the AG who holds 6 million shares to dilute his holdings to nothing. If it were to happen, the scene is well set to bring the share price back to a reasonable level before going for any type of D4E plan. All those who were holding millions of shares for more than a year have sold out at less than 10 cents. Now, the most of those shares probably be in a safe hand and the number of actual floating shares have decreased accordingly. Now, anybody with a few million dollars can bring the price even up to $1, if needed without much effort. At $1, you need to issue only about 400 million shares to get the debt to a manageable level. Just thinking about all the possibilities.
 
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