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74.0¢ slater & gordon limited

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risk101

1,396 Posts.

6

12/05/18

17:40

Post #: 33055714
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Originally posted by jimk3758 ↑

I think it will be close to 5% back but that's only because the clowns running SGH made the company technically broke and had woefully inadequate insurance. AC kicked in another $4M to MB members only. The alternative was for SGH to be liquidated and we received nothing at all back.

I relied more on audited financials accounts then on anything else. If PP raised red flags in 2015 full year results me and probably most others would have lost little if anything at all. The most important thing now is to get genuine and fair compensation from the auditors who happily took big fees to sign off on the dodgy accounts without any objections.

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Can’t wait to see this one start. If PP are at fault surely their liability will be much larger. Jim are you aware if it would just be a case of an insurance payout (like SGH) or if the Co could also gain just compensation?

SGH Price at posting: $3.16 Sentiment: Sell Disclosure: Not Held
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