Slater & Gordon looks to be winning over its bankers, page-82

A promising article. Two points from the article.

1. A debt for equity swap would involve something like Slater & Gordon issuing $100 million new equity in the firm to the banks for every $50 million of outstanding debt. THIS MEANS $ 0.50 PER SHARE. CURRENT PRICE$0.27

2. There is also a small possibility that UK chancellor George Osborne’s proposed reforms to personal injury laws in the UK are shot or watered down by the legal lobby who will put up a strong challenge to reforms that are not guaranteed to go through. IF THIS HAPPENS, SGH WILL BE TRADING $3.