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mas

Re: jhalada post# 71981

Monday, 05/08/2006 11:03:57 AM

Monday, May 08, 2006 11:03:57 AM

Post# of 97829
Thanks. I followed the SGI Yahoo board for some time and there were guys there that put their live savings in SGI and I feel especially for those guys. Bishop came in for regular abuse there and seems it was all warranted. With just a few words all shares are made worthless ...

'
Accordingly, the Company believes that SGI's currently outstanding common stock and unsecured subordinated debentures have no value. McKenna concluded by stating "We regret the effect that this will have on SGI's shareholders and other unsecured creditors. SGI plays a critical role in the world's infrastructure. This needs to be preserved."
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