What would you do if you were the hedge fund keeping SGH alive...

What would you do if you were the hedge fund keeping SGH alive ???

I've been pondering this thought for a few days . ...and bear in mind I'm assuming the guys that picked up the SGH debt are smart .
They may not be of course , and they may end up regretting that they ever heard of SGH .

However I guess if I was them I would be wanting to do the following .......

a) Convert enough of my debt to equity , such that I well and truly control the show
( 70 mill today might equal another issue of some 700 mill shares ) ....not sure what that would do to the share price given all the variable .
But leave enough out there to make sure there was a good free market in the stock .

b) Issue another 20 - 50 odd or more mill of options to senior management .... or actual bonus shares linked to profit targets to incentivise
management across - and structured to kick in once certain key benchmarks were met - not just profit . Maybe some sort of bonus that flows right down to the tea lady . Build staff loyalty and commitment . Get them all fully invested in the "new age of SGH"

c) Train all employees and develop skill sets at all operational levels .

d) Hope that budgets are met such that operational losses convert to operational profits 40 mill p/a would be a good start ...... possible as recent year one off expenses should be reduced .

Based on a 40 mill p/a operational profit ...... with a trend to higher levels I might be able to spruik the stock and rebuild the
the share price ...and thus the market cap of the entire entity .

Not sure quite how I would handle the debt ....probably just keep it ticking over for the next few years ......

If I could get my 700 mill shares back on the up and up ....... things would start looking better ...much better .

Maybe I could then flog the whole show off to a mega USA based enterprise ?

Is this a late Friday night fantasy ???

Who knows ?


cheers

VA