The future of SSM is really determined by the banks for the second time in its short listed life.
I wouldn't think that SSM will settle ar a single cent level, its really a binary decision now determined by the banks.
If they have confidence that SSM have the contracts and management expertise to pay off debt or at least leave some valuable collateral for the banks they will let it survive.
If not then there really is nothing left for equity holders.
I really wish holders luck.
I find it astounding that SSM are at the mercy of banks again. I am going to look closely at these financial statements tonight and see if there has been any value created for shareholders over the past few years.
SSM Price at posting:
13.4¢ Sentiment: None Disclosure: Not Held
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