A New Dawn, page-610

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Fishinnick

9,288 Posts.

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15/09/18

13:48

Post #: 35621393
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Originally posted by jimk3758 ↑

First of all I don't wager with anyone I don't believe will pay up. I have no problem having a bet with Fish because I'm sure he will pay when the time comes. I figure you on the other hand will be gone never to be heard of again like countless others ramping SGH before you.

Secondly I don't know how much negligence insurance PP has. It could be a case like the once largest law firm in Australia that would be expected to have good insurance coverage but ended up having less coverage then the local little company down the road. However SGH was technically insolvent while PP probably has some assets if the insurance is inadequate.

Aggrieved shareholders suffered billion of dollars in damages. How much can be attributed to Auditors who approved the financials is what will be determined. Personally the fact that auditors approved and signed off on the company gave me assurance everything was correct and above board. It was probably the most important factor in me buying SGH and consequently losing almost all that money.

I'm 100% confident the payout will be far more then the $5m you say or neither the two law firms nor the two litigation funders would have anything to do with it. It doesn't take much thought to figure that out.

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If i have to Pay up Jim i will, don't believe everything i write on HC though as i sometimes write stuff on here to try and get answers i'm looking for, otherwise i'm a man of my word. Needless to say though, i don't think i'll be paying out .

However being the well balanced nice bloke that i am that does a little sniffing around heres a link that may shed some light on PP's ability to cough if and when needed.
https://www.barristers.com.au/cases/bill-express-v-pitcher-partners-2015-vsc/

Best Wishes

SGH Price at posting: $3.05 Sentiment: Sell Disclosure: Not Held
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A New Dawn, page-610

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