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kta

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kta

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Friday, 05/12/2006 12:08:04 AM

Friday, May 12, 2006 12:08:04 AM

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So what does this mean...

Upon confirmation of the plan, the new common stock of the Company will be issued to the holders of SGI's Senior Secured bonds in the manner described above. All of SGI's existing common stock and the unsecured subordinated debentures will be cancelled upon confirmation of the plan by the court and receive no recovery. Accordingly, the Company believes that SGI's currently outstanding common stock and unsecured subordinated debentures have no value.

TIA
Tom
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