I am back. So is SGH, page-735

1. I now open up to you WE and give you an opportunity to show us with evidence why we should trust you?

2. From memory you worked with liquidations?

3. Are you saying that SGH is getting liquidated?

4. Are you reading the SGH announcements?

5. In relation to Watchstone did you not get that they said 'a number of other matters' excluding NIHL?

6. Can you please enlighten the forum what those other matters are?

Thank you WE.

HT
I encourage you to go back and show us the evidence that I did not introduce to this forum the discounted cashflow method.

I also educated the forum about the value of this method (supported by scholars) compared to the book values which the forum was being mislead to believe should be used when working out any D4E deal.

I did put out a link from the internet about DCF but that was because I did not bother to find my lecture slides from my old computer. Later I did provide reference to the text book.

So if you want to deceive this forum I won't stop you.

Life has taught me that honesty pays off long term. And I can look myself in the mirror without being ashamed

In relation to the $3 share price as Steve kindly worked out for us based on my figures of $800mil revenue and 15% net profit I believe that share price is about right after sorting out the short term problems we are in.

I don't think my estimations were unreasonable as SGH had an approx $900mil revenue in 2016 and research has shown that larger law firms have an average net profit of 19%. SGH is a very large law firm.

I really don't know why you get so tense about this?

We SGH long term holders are calm as the calmest sea.

We know that the current share price has no meaning.

In some sense to be a long term SGH holder is like saying the earth is round but constantly being lectured by non- holders the earth is flat.

But everyone to their own I guess