SGH Update

http://www.lawgazette.co.uk/news/sl...ipped-as-bank-deadline-passes/5054557.article

No update from SGH is the update.

Just to update you guys on the information I received. Managed to speak to one of their employees recently, it seems that they are as misinformed as the shareholders. The chain effect is taking place, some talented staffs got better offer and move to join the rival; some clients are transferring their cases to other firms. However, the extent of the scale is unknown. Silent from the management is clearly creating trauma among shareholders, employees and clients. Why are they keeping quiet is up to you to guess.

3 more weeks to go before April ends. No news by then will be bad news. My guess is that higher than 50% the bank will support them, however the outcome is hard to predict i.e. debt equity swap or dilution. I have to say that things have turned pretty risky.