Things one may consider before buying or selling, page-41

The more I look at this the more likely I believe the banks will do a debt for equity swap in one form or another. I will recover very little if they put the co into VA IMO as there are no tangible assets to sell like for DSE. I am sure many on here have come to the same conclusion.

So what does that mean for existing shareholders?

For example.. if banks convert $200M of debt into equity that would mean 800M extra shares @ 25c

So FY15 35c eps would be diluted to approx 4-5c eps therefore it would imply SGH is currently trading a PE of 5.

Can someone more cluely correct me if I am wrong. Thanks!