Agreed, imo the ANN on Thursday is management letting shareholders know, unless banks CHOOSE to keep SGH going, its game over, it was an announcement of capitulation, that the fate of SGH was with the debt holders, and the business was not turning around on its own.
The DFE SGH offered was a pre-emptive act of desperation, knowing what was to come with H1 figures imo.
SGH Price at posting:
17.5¢ Sentiment: Sell Disclosure: Not Held