News: SGH Watchstone Group says received correspondence from firm of solicitors for SGH, page-18

It probably confuses most people (me included). I've tried to work it out though and have concluded that
WTG are saying they haven't got any idea what the escrow claim will be about because SGH gave information to the barrister that WTG hasn't seen and SGH won't show them. The implication is it's bullcaca. It is only 'notice of a claim' that has been given so far. A formal claim has to be made by (I think) the end of June although I haven't checked and can't be bothered to. I know it's soon.

The time has come for SGH to put up or shut up and my guess is that it's more likely SGH lied to the barrister than that WTG's directors 'misrepresented' anything in the period leading up to the S&P agreement being signed.

I doubt there can ever have been a clearer case of "caveat emptor". Everyone knew the mess QPP was in and Grech himself more or less said he didn't care because SGH had carried out all the work he needed to satisfy himself everything would turn out well.

This has become so bizarre that I'm starting to think that it might have been desperation (fear of overstatement of SGH's previous profits catching up on him - where was the cash?) that drove him to buy QPP's PSD. I've said it before - a great big silo in which to lose a hell of a lot and blame someone else.

Don't just write off the thought - look at past numbers instead and ask a clever accountant to give you his (or her) views..............

This must be the last roll of the dice. The end is nigh.