SGH 0.00% 54.5¢ slater & gordon limited

So they say SGH debt worth 60 to 70 cents in the dollar so what...

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    So they say SGH debt worth 60 to 70 cents in the dollar so what the banks sell to hedge funds who are willing to take debt for equity deals so banks take a haircut and get the cash and hedge funds do the debt for equity swap. Wondering if this is how it is playing out...
 
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