because sadly that is the truth... shareholder equity going to go down the drain... bankers could not care less about shareholders, Chanticleer implies that Westpac has already impaired its loan-book and speculates it is highly likely to be the Slater debt. For Westpac any money back now is a bonus. I can see Slater getting stripped for parts like Arrium.
No doubt as the first news in ages with a "positive spin" SGH will probably have a bounce in the morning.
SGH Price at posting:
25.0¢ Sentiment: Sell Disclosure: Not Held