If by some miracle the Banks do anything other than cut their...

If by some miracle the Banks do anything other than cut their losses on SGH and SGH presents a BELIEVABLE plan to the market that demonstrates positive cash flow certainty........

.....THEN the Class Actions will be triggered. Yes you can bank on it. How are SGH going to pay for upwards of $600million in damages claims. How will its share price react at the mere mention of a class action proceeding when most people believe it is a mere formality and a walk up win for the claimants.

The $780 million of debt is one hurdle - a strong $billion damages claim from shareholders would suppress the share price for years.

I appreciate the effort some people are going through on the sidelines to present a case they feel is achievable. BUT the reality remains that their is a huge line up of people who want their money back from SGH starting with the BANK......then way down the back of the line are the current shareholders.

For those of you who have been following SGH on this forum for more than 5 minutes, you will know I too was one of the firms biggest defenders based on their released information. The release of the first half results removes any doubt that SGH's management has mislead the market for at least 9 months, thereby giving any civil damages cases a lay down win.

Good luck