Technically banks are f'ed hard as SGH.
No asset backing from writedowns, negative cashflows so far to date and can't pull pin until March 2017.
Unfortunately the banks are totally locked in.
There is actually no hope for their money unless there is hope for SGH.
So SGH has to save themsrlves by being cashflow positive. Then do a minor CR or refinancing next year.
Loading up the truck, page-3091
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