Are we really still banging on about debt for equity after this 4 day old news?
www.theaustralian.com.au/.../slater-gordon.../ 0fd95a342e95ab648d57e49be7ab80c0
1h numbers ARE important because we will see what areas of the company are/if profitable for quarantining and sale to pay debt. If no areas profitable, possibly screwed, if profitable, maybe ok. It's the only way to quickly de-risk the company.
This news from a bank source as stated.
The most disappointing thing is the "on budget" statement. Clearly wrong if still cashflow negetative. As I have stated recently, if there is another agm, you will know who I am because I will prorbably get evicted asking them why they have not learnt their lesson in misleading the market. I will be etching out my own question time I assure you.
SGH is a mess - what a disappointment, page-279
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