I am back. So is SGH, page-1240

So when doing your research at Crowe Horwath is it through sources such as AFR and Motley?

From memory AFR did not report on our planned lawsuit against Watchstone until late last week and then it was just one paragraph under a very different heading.

Also do you realise that the leaks in our discussions with the lenders have disappeared now we are dealing with new lenders? Professional conduct it seems by SGH and our lenders negotiating in confidentiality.

Does that lend support to what the newspapers are reporting at this stage?

If you think it does then I will say good luck to you again J

In relation to the Crowe Horwath survey large law firms were reported as having 19% net profits. Correct most of the law firms in the survey were dealing with mainly business matters. However, if you go to our UK website we also deal with business matters and the same here in Australia.

The Oxford book of corporate governance wrote:
‘Both Lim (2010) and Jiang et al. (2012) find that the stock market responds positively to revealed hedge fund presence in the distressed firms, suggesting a positive effect of hedge fund creditors on the total value of the firm. Lim (2010) also shows evidence that distress-focused hedge funds have produced an annual compounded return of 8.6% over the 1998-2009 period, which is economically significant, compared to 3.2% generated by the stock market over the same period.’

So in my books it looks like we are better off with the hedge funds around compared to before when the banks were around.

You seem to dismiss the research because it mainly is from the US. We are dealing with an US hedge fund investing in Australia/UK. I believe the research is very relevant to our current situation. If you have something better bring it forward. The research tells the story that in general terms there is a good chance of a success story here. SGH want to succeed and our new lenders want SGH to succeed (win/win).

In 2017 when two parties work together they achieve results for mutual benefits. This is not a one-way traffic negotiation.

The Oxford book of corporate governance supports that theory J