If Banks don't support us, lets die together., page-18

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SilverRoo

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16/02/17

22:40

Post #: 22684439
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Originally posted by Braintot ↑

Howabout

Set up an Offer open to 12,000 subscribers. Current shareholders preferenced.
Each pay $100,000.

Makes $1.2 Billion.

The 12,000 become the owners of SGH.

Pay off banks' first instalment May 2018, keep enough for the second instalment. I can't quite remember the amounts - say $750 M?
Plus $100 M interest.

Compulsory buyout of all shares @ 40c (or more, see further below):

352 M x 0.4 = $ 140.8M

Total $990 M

Have $210 M over for pin money.

Too hard? It's an organisation full of lawyers ffs. They should know a way of making it happen.

P.S.

Anyone with more than 250,000 shares would have their $100K covered by the 40c buyout.

As soon as S&G were cash flow positive they could commence paying dividends.

If they earned $120 M and paid out half, the dividend would be
$60M / 12000 = $5000 pa ie 5%

The numbers could be tweaked. If share owners don't like 40c, how about $1? Everyone with 100K shares would be able to swap for a subscription.
Cost @ $1, $352 M.

Just fooling round with an idea. Legal or financial reality may prevent it. Are there enough who would subscribe at $100,000 a pop? I dunno. If for argument's sake you had 7 M shares now then you would be guaranteed to be able to buy 70 lots of $100K each. Paid all or in part

Expand

It is an idea "brain dead"and SGH cant carry along this way as the end is neigh. Needs new thinkers as the product should work.

SGH Price at posting: 20.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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If Banks don't support us, lets die together., page-18

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