Re: HedgesThat is exactly correct........imo sgy debt covenents were breached and sgy debt holders literally held sgy continued existence in their hands..............if this is correct then i do feel that shareholders should have been told ...........i believe that the debt covenent that was breached was total assets/ total liabilities .....must never fall below 1: 1 ratio..........i also believe that even if the banks did not foreclose the convertible debenture holders still could have demanded their money 70 million (which would have resulted in bankruptcy)