SGH 0.00% 54.5¢ slater & gordon limited

You make some good points and maybe WTG will offer something...

  1. 21,580 Posts.
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    You make some good points and maybe WTG will offer something from escrow/ NIHL for SGH to go away. However it will not be enough to make much difference to SGH financial problems.

    Regarding the CA much of the claims are about failure of continuous disclosure. The fact that AG & Co kept shareholders in the dark about the problem won't change. A good example of properly keeping shareholders informed is what WTG has done today.

    The fact that ASIC cleared S&G of fraud is good for both management and the class action. If there was fraud there would be no indemnity insurance coverage. As it is I believe there is not enough insurance to cover a judgement.

    I beleive massive dilution is coming and any SP rise is very temporary ie. Dead Cat Bounce. The company is completely beholden to debt holders and that didn't change today. I'm not telling anyone to sell but that's what I would do before recapitalisation.
 
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