SGH is a mess - what a disappointment, page-314

That was a doozie of an announcement.

And it came from a company now legendary for keeping SH in the dark about anything. It was almost like a confession of 'more misery to come - so youse better be off before it happens'.

And, it was almost unnecessary.

But, it worked - it spooked everyone, including me.

I guess those who got spooked sold out ASAP - who wouldn't.

My excuse is that, by the time I found out about it, Thursday morning, the damage was already done to the SP - maybe if I'd a bit more quicker off the mark I would have been one of them.

There's a whole bunch of former LTSH's we havent heard from since then. I'm guessing even they bailed.

But - it turns out, there was an eager market, presumably with the same information, ready to buy all those shares - 50+ million of them by lunch-time Friday.

And whatever it was didn't seem to be particularly concerned about the SGH announcement.

Now, the way I see it, there's only 2 options here.

Either who/what bought them is expecting the SP to fall into oblivion or it's expecting the SP to recover.

And I'm thinking it will be expecting it to happen relatively soon - whichever way it goes.

Meanwhile something seems to be working to keep the SP down and SGH doesn't seem to be particularly concerned about it making a recap deal.

So, what's gong on?

I've no idea.

But I'm thinking whatever it is doesn't have individual SH best interests at heart.

All those who sold took a massive hit - and SGH doesn't care - in fact it seems to have manufactured the cause.

Just thinking.