SGH 0.00% 54.5¢ slater & gordon limited

Thanks now let me be crystal clear for you; - Quindell had the...

  1. 21,580 Posts.
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    Thanks now let me be crystal clear for you;

    - Quindell had the right to sell PSD.
    - Quindell provided no warranty to financials.
    - SGH had ample opportunity to be fully satisfied before purchasing.
    - SGH proclaimed they were fully satisfied with their own unprecedented DD.
    - SGH proclaimed they did not rely on any financials from Quindell.

    I don't know about you but if I was defrauded in a major purchase I would not wait almost TWO YEARS to take action like SGH did against Quindell/WTG.

    Not that any of that matters because if SGH wins everything except minuscule $2M benefit for ordinary SH will go to AC and if WTG wins SGH AU pays the multi-million dollar costs to WTG. It's a win-win for AC and a lose-lose for ordinary shareholders.
 
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