Whilst some say the following line in the article is a throw-away line "The firm's total equity is now worth $90 million. But it is likely that will be burned up as part of the restructure" I see it as possibly saying that whilst SGH as a company will continue to trade the banks would seek to push as much of the losses from their impaired debt onto equity holders as possible.
The announcement (due next week) will make for interesting reading.
SGH Price at posting:
27.0¢ Sentiment: None Disclosure: Not Held
