Heres a snippet....Assuming the Court approves the Reduction of...

Heres a snippet....

Assuming the Court approves the Reduction of Capital and Return of Capital, shareholders will receive 90p per Ordinary Share in cash and the Company would expect the Ordinary Shares to devalue by 90 pence per Ordinary Share before the 1 for 10 Consolidation takes place. Once the Consolidation takes effect on Monday, 21 December 2015, and without taking account of any other market movement in the value of the Ordinary Shares, the Consolidated Ordinary Shares will re-admit with a value per share of ten times the devalued price per Ordinary Share, with each Shareholder holding a tenth of his or her previous number of Ordinary Shares in the Company.

WTG/QPP holders got a 90p return of capital and a 1 for 10 consolidation, somewhere around the 16th Dec 15

From memory Melrosian or Mel and walkingeagle got the 90p divi but i'm also sure they had bigger losses over the whole deal.

Heres a chart of the history, as you can see SH value has also been wiped @ WTG over the period, the last gap down on the chart was likely the consolidation after the suspension.

I'm not answering for Grumpy and he's welcome to correct me if im wrong but my DD leads me to believe he didn't get the 90p divi and my DD also leads me to think Grumpy is of sound character and imo has probably taken a position in WTG along with others because he thinks the SGH claim has got no merit and thinks the odds of getting the escrow monies is in WTG's favour and these issues if found in WTG's favour should have a positive impact on the WTG SP because of the size of its Mkt Cap relative to the issues.  Grumpy is a good guy imo.

I understand your moral argument but don't agree,

SGH may well have over-valued and over-paid, but that was their own stupid fault, they also failed to act quick enough to sort the balance sheet and raise more funds and restructuring seemed to happen in slow motion, they re-branded it and some " lower grade " director or executive was left with the job of integrating such a large purchase, AG also didn't show up over there for ages.  These things all contributed to SGH running what they had into the ground, they over-levered and had not properly accounted for needed future cash reserves and dismissed the impact of small claims changes which may effect insurers payout times and/or willingness to fight claims.  All this was highlighted with the exhaustion of SGH cash balances and ability to service the large loans it had.  All in all just astonishingly bad management of a company and no attention to risks.

The business still attracted buyers even after all this because AC came along, bought the debt, furthered the restructuring, settled the CA and is still keeping the lights on to this day and this tells one that theres still some sort of business in the UK as they are having a crack and must think it might be worth something.

So no i don't think WTG should morally cough up, whereas SGH management, AG, Skippy etc should morally cough up because they did the damage.

Fish.