I am back. So is SGH, page-896

No they have not, SWC - as you well know. Please stop deliberately misleading people. This is what their own statement said:

"Accordingly, £50.1m (including interest) is retained in the warranty escrow account until the purported claim is resolved ("Warranty Escrow"). Whilst Watchstone's view as to the lack of merits of the purported claim has not changed, on the basis of the Opinion, we consider it appropriate that a provision for impairment be established in respect of the Warranty Escrow and have determined that the appropriate amount should be to fully impair the Warranty Escrow. This reflects the inherent uncertainty in valuation of the purported claim and is in no way a reflection of the Group's view on ultimate resolution, which is uncertain in both time and quantum (if any).


WTG totally reject SGH's purported claim (which hasn't even been made yet and WTG have stated is after the supposedly independent barrister had been influenced by material presented by SGH which WTG wasn't made privy to). WTG has NOT "written it off" as you misstate the position - they have made an impairment provision. It would appear you do not understand the first thing about accounting, yet you're a walking encyclopaedia of knowledge and advice to others that is plain wrong, based on a facile and immature understanding of the real world of business and investment.

Turning to your other 100% incorrect statement:
"(WTG)... are talking with SGH on a number of issues EXCLUDING NIHL (did you get that WE?)"

This is what WTG actually stated:
"We remain in active dialogue with S&G on a number of other matters including the performance of the noise induced hearing loss ("NIHL") cases to which deferred consideration is due when, and if, such cases are profitable. To date, no deferred consideration has been paid".

We remain in active dialogue with S&G on a number of other matters INCLUDING NIHL (did you get that SWC?).

No-one wants your shares. They aren't worth anything worthwhile. I see the company announced on Friday it had finally run out of money. The senior lenders won't be concerned about putting up the $40m they need to keep the doors open - they've got plenty of headroom if they decide to put the company to sleep when/if shareholders reject what's now likely to be a lower offer as they've had to put $40m in up front.

4 cents soon.