Satyam - Going down or coming Up

With latest two blow to Satyam, it is expected that company would go down and so much that it may be hard to recover. If you don't know about these two blows, here are the details for you -
First Blow - Satyam decided to invest in real state companies to diversify and to de-risk company asset. Unfortunately these real state companies, Maytas Infrastructure and Maytas Properties, were owned by family member of its main promoter Raju and were not doing very good in market.

Second Blow - World bank posed a 8 year ban on Satyam. Ban was meted out for "improper benefits to bank staff" and "lack of documentation on invoices".

Satyam share plunged down to 50% after these. 4 of its director resigned, few taking moral responsibility of supporting its decision and its board of director strength reduced to 6. It actually worked positively for Satyam as few of wrong doers were going away. Even chances of somebody buying Satyam rose and so the share price of company.

Satyam has engaged DSP Merrill for analysing company's strategic move at this time and have promised stakeholders that all concerns for last two week incidents will be addressed in maltiple ways.

Even it announced that share of few of directors will come in market as those share have been financed by various lenders and so lender will sell those shares to cover margin. It will reduce stake of directors in company and a new identity could take over management if bought a good proportion from market. Thinking that new identity will be more desciplined then current directors, it has given company a better future possibility.

Satyam was surely a grwoing company and was having a strong place in IT service provider companies. If management really cares about company and proper corporate governance are put in place, it is no doubt that it will not only recover its position but also reach new levels. What do you think?