I still contend that while SGH did not exhibit great governance to the market, they were not in any breach of disclosure regulations. Bad news happens, and it's a zero sum game. You would not be whinging if it went the other way and Quindell were the ones that got robbed of a good business they built from the ground up.
It was a ballsy play from Grech & Co back in 2014 and they could have been the Microsoft of Law, instead they became the Enron. It didn't pay off because they are incompetent.
Smart analysts saw beyond the flashing lights and greed at the time, others didn't. I'm surprised the CA wasn't thrown out. Your lucky the bullies awarded you any of your toys back at all. Shareholders are far and away the bottom of the food chain in any business.
As for Pied Piper Grech, I wouldn't say Scott Free. He lost more money than anyone, as well as his home, business and career. Dudes' family are probably still taking rosters on suicide watch.
SGH Price at posting:
$2.75 Sentiment: Sell Disclosure: Not Held
