Hi Beave, I can't be certain, but when you put the pieces together, you got to ask what's in it for each of the parties. If simply out of desperation and DE is required, why did the bank chose to extend the loan in April 2016, when they had the most bargaining power? Why would they force DE, when banks have supported SGH during the period of maximum risk? Now ship has stabilized they just have to sit on their eggs and reap the reward for the risk they have taken earlier, why would they chose to do something that revokes their previous decision that was assumed to be the most beneficial for them?
Remember the McGrath Nicole report have assured the banks that the business is sound, it's just not so energy efficient, and some unwanted risk how the eggs are being laid out to hatch.
Another thought off the topic...
...Funy how I mentioned eggs, 2017 is the year of the rooster/chicken (lunar calendar year will start on 28/Jan/2017) talk about timing, lets see the egglins hatch and grow into a proud full size rooster in 2017!
SGH Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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