Ann: Market Update, page-75

Well, much as I'd like to agree with you, I'm not sure about this.

Like the Tax Office, ASIC is almost law unto itself - mostly.

When it chooses to wave it's big stick you don't want to be in it's sight - it's got the 'law' behind it.

Part of it's duties are those of a regulator - whether it's any good at forensic regulating is something else - but it created more 'rules' and 'guidelines' than anyone can keep up with - it's so out of control in this area many of it's 'rules' are conflicting at worst, confusing at best.

Now, no matter what the outcome of this investigation is, there's no smoke without fire.

Someone/something has rattled ASIC's cage - why now? We'll never know.

Timing's too convenient IMO

Anyway que' sera sera

SGH BOD need to have their backsides covered on this one - they're individually responsible.

I'm sure they have - and I'm hoping this is no more than the campaign that's been raging last 18 months by the people who really pull the strings.

But, if ASIC gets it's teeth in - even if the end result isn't worth the hassle, it'll be hanging around SGH like a bad smell for ages.

One day, they're going to want to make more dosh, on the way up again, and suddenly things will change and SGH will be the blue-eyed-boys again.

Can't be too soon for me.