Just curious as an ex holder. So Anchorage owns 95% of the business and let’s just assume they turn the company around and make it profitable for the remaining 5% of shareholders....So what is stopping them from compulsory acquisition once they have a large amount of cash in the till? Like why share the spoils if they don’t really have to? Then what’s to stop them delisting, rebuilding the business, temporary debt reduction and then reloading it with debt and relisting it on the stock exchange in 5 or 6 years when the new generation of investors comes along and has no idea about the previous debacle! Glad I’m out and learnt my lesson! Never trust a lawyer so why trust a law firm mainly owned by private equity. Good luck to remaining share holders you’re probably going to need it...
SGH Price at posting:
$2.20 Sentiment: None Disclosure: Not Held
