SGH bear is dead and burried, page-577

M'learned friend Doc,

Taking your recap scenario of $200m coming to the rescue at 16c, why would anyone buy at today's inflated prices of 22c? Why wouldn't they be selling and waiting for the recap? Wait...that's your strategy! But then 16c starts to look expensive, and so on.

Any "information" on where that $200m is coming from? Or why - despite NIHL being talked down at the AGM - you think $170m coming from there, or is your only "evidence" replacing low level employees in job ads.

The problem with massive debt overhangs and recaps is that - until the recap happens in some form or another - the price usually drifts down.