Shareholders were mislead and deceived believing Andrew Grech and Chairman Skippen. The BOD failed miserably in their continuous disclosure obligations as required by law. I don't let them off the by saying they were just incompetent. IMO they were knowingly negligent in their legal duty to shareholders. I believe with good reason the BOD knew the deteriorating financial situation long before SH were informed. The only recourse is for the regulatory authorities to act. You can file a online complaint on the ASIC website.
SGH Price at posting:
$3.30 Sentiment: Sell Disclosure: Not Held
