We weren't told much about the terms of the debt restructure...

We weren't told much about the terms of the debt restructure fee, but what WAS mentioned was that the maximum amount will be 15% of increase in SGH MC in the May month. I hate to beat a dead horse here, but those that bought into SGH after the announcement expecting more good news obviously didn't read the content of the announcement properly.
That said, although I expected some selling pressure, I didn't expect the sell side be this strong (I bet I'm not the only one). AND since there are still 15 more days til the end of May. So, hold or sell, up to you, personally I'm waiting for a re-entry point somewhere in a week or two.