News: SGH Australia's CBA hit with lawsuit over pension investments, page-45

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GrumpyScouser

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21/10/18

19:17

Post #: 36203315
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Originally posted by Braintot ↑

"Look up Quindell....not WTG."

It was a serious question. Did the bulk of the bilked billion go to WTG shareholders? Did you Grumpyscouser get a payout? Or did you lose in the transition when the Quindell service arm went to S&G and the rest, whatever that was, went to WTG?

Please explain it to me in simple words...

If there was a payout do you think that morally it should be returned to the mum and dad investors in SGH who were victims of dodgy dealings involving SGH cash? Let the buyer beware but the share investors weren't the buyers. If they were they may have googled Quindell and found that it was a country club built on quicksand and not to be touched with a barge pole or any other kind of pole.

Watchstone is WTG. Watchstone was Quindell.

Sydney Morning Herald 2016:

"Slaterand Gordon announced on Monday that it would bring claims against Watchstone Group – which was previously called Quindell – but did not detail where the claims would be made."

Expand

Oh dear.

Yes: I received a court-approved Capital Return.

No: I don't think the mom and pop QPP shareholders who lost fortunes should return the CR (which is a ludicrous and impossible to apply concept anyhow).

WTG is a completely different organisation to the Q word. Personally I would be happy to see Rob Terry locked up but it will never happen.

Next question?

SGH Price at posting: $2.80 Sentiment: None Disclosure: Not Held
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News: SGH Australia's CBA hit with lawsuit over pension investments, page-45

Top Stories

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

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