Yes you are up for the total loss, under margin lending you have bought the shares all the margin lender has done is loaned the money to you for this with the shares as security.
No different to borrowing money to buy a car and writing the car off, the car is worthless as are SGW shares but you are still liable for the loan.
As for Goblins post
WHAT A LOAD OF GARBAGE
Rebel had already stated they did not own any SGW shares (would no doubt have found out first hand what the margin lenders actions would be if they had) and the question was clearly a general question using SGW as an example.
SGW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
