SGH (ASX) SGH bear is dead and burried

Originally posted by Successwillcome ↑

Milesy

I may have the answer for you: Market manipulation

https://en.wikipedia.org/wiki/Market_manipulation

'Stock Bashing: "This scheme is usually orchestrated by savvy online message board posters (a.k.a. "Bashers") who make up false and/or misleading information about the target company in an attempt to get shares for a cheaper price. This activity, in most cases, is conducted by posting libelous posts on multiple public forums. The perpetrators sometimes work directly for unscrupulous Investor Relations firms who have convertible notes that convert for more shares the lower the bid or ask price is; thus the lower these Bashers can drive a stock price down by trying to convince shareholders they have bought a worthless security, the more shares the Investor Relations firm receives as compensation. Immediately after the stock conversion is complete and shares are issued to the Investor Relations firm, consultant, attorney or similar party, the basher/s then become friends of the company and move quickly to ensure they profit on a classic Pump & Dump scheme to liquidate their ill gotten shares. (see P&D)"'

That is exactly what I have been trying to warn SGH amateur investors about.

Is the above not what we are seeing on a daily basis on this forum? Bashers coming out from the woodwork telling us that we have bought 'worthless' SGH shares?

I won't get sucked into the fantasy my SGH share is 'worthless'. If I sell cheap to those manipulators I may subsidise them.

It is David vs Goliath I know. But guess what David won that one did he not?

My team lift is to hold onto my share for a long long time. I will not line the pockets of the 'big end of town boys'.

I am proud of Slater & Gordon and what they do in our community and for their clients. Everything else will follow in due course.

In my opinion the future is bright

Ps. Tomorrow morning I have a warning for amateur shorters. You may unwillingly be sucked into dangerous territory!

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No. I disagree.

The company is priced as it is due to the failed acquisition, the business model of an ASX listed law firm, the huge debt burden and complete loss in confidence in the BOD with regards to their ability to run a company of this size and to inform the market of any update/progress.

Through in the uncertainty of a 'have to' recapitalisation and refinance, along with a CA and an ASIC investigation and hello 23c.

These have not been manipulated....these are facts.

Milesy