This article is written by the AFR's No 1 journo, Tony Boyd. You...

This article is written by the AFR's No 1 journo, Tony Boyd. You can assume it has has credibility.

My objective view of the article: SGH may survive, however SGH shareholders are about to be whacked!

Key quotes:

"The firm's total equity is now worth $90 million. But it is likely that will be burned up as part of the restructure."

"Chanticleer understands the major lenders to the firm are inclined to support a restructuring proposal and debt reduction plan that must be completed within the next 10 days."

what debt reduction? Via CR of course!!!!