It must have been hubris, that's always the culprit in such cases - surely AG didn't deliberately bail out Quindell?
Sell side analysts just do what they are told.
70 lawyers looked through but maybe what they said was buried in the garden?
In any case the money is gone, even if you could prove intent to defraud (which is like herding cats)
I think the answer as to why Gotham was ignored was simple though, only information from official sources is considered valid. Most people take official sources as credible, Directors and Analysts are gospel and shorts are responded to with aggression.
Bans, lawsuits, claims of short and distort - they have a message people don't want to hear.
Of course the anarchist viewpoint is not to have "experts" waltzing around whose opinion is not subject to the burden of critical examination. Though I don't want to make it a political discussion, except to say if you are buying a stock then you can't defer your judgement to someone else like @DrWho does.
SGH Price at posting:
$3.11 Sentiment: None Disclosure: Not Held
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