Well the announcement certainly had the effect of panicking an already panicked market. I think the figures won't be worse than the announcement as they already flagged a improvement in net operating cash flow but will remain a net cash outflow. Makes no sense to release an unsigned document like that and not contain all the bad news that was available. I really think that the H1 figures will be what they are , but the big play is the banks and the proposed restructure . According to the announcement that negotiations are ongoing and may take some months to conclude.
SGH Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held