I doubt very much that AG & Co has any real defense at all to the MB CA. The defense might be management was just too incompetent to grasp even after some 9 months or so that PSD wasn't the transformational opportunity shareholders were told ... Any other ideas?
Even though SGH said it would sue WTG after more then a year delay I don't think there is a good case because AG said over and over they did not rely on PSD financials provided.
We will see how it all plays out but I would not be surprised to see MB in the position to put S&G into administration down the road. The next biggest hurdle for AG & Co is to be cleared of criminal fraud. The next biggest hurdle for shareholders is the CR I am sure is coming soon.
In my opinion Andrew Grech has been, is now, and will continue to be the biggest problem for shareholders. But hey some voted him a pay raise and I no longer hold so triple his pay now.
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