Potential Voluntary Administration, page-183

Hi Croasian

I think the difference with Who compared to your self and other negative posters is that he does source some interesting information and more than occasionally his analysis makes sense. That being said SGH is in a very negative space at the moment. Quite good buying at these levels I would have thought, so long as it stays in business. A highly destructive D4E such as Nine Entertainment would require that SGH be in a lot worse financial state than the known numbers would suggest. AG is a large shareholder so it is in his interest for such a destructive D4E to take place. At this point I would think a path similar to that of NWH involving a small (10% to 15%) D4E might be justifiable. In my opinion NWH reached a similar or worse state than SGH currently is.