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16/05/17
16:59
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Originally posted by GrumpyScouser
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Disclosure: I'm a WTG LTH.
Don't get too excited by SGH's last two desperate announcements: everyone knows the history of 'world-class due dilligence by experts' and that the UK SFO was investigating the previous management of what was known as Quindell.
Just to be clear: the SFO had no choice but to contact Grech and his team because only they have copies of all files and documents which went with the sale of PSD. I'm quite sure that the objective among you will understand that the WTG management team didn't stand for months at photocopiers making duplicates of every document, nor were they likely to make back-up copies of every archive or drive. So they just told the SFO to call Grech.
SGH are now trying simply and desperately to co-mingle two separate and distinct lines of discussion. To be fair, they must be distraught at the impending CA and looking for any possible way out. Don;t forget their own independent barrister even discounted the possibility of fraud......this is just pure, blind, desperation.
As an indicator of market confidence, do go and take a look at WTG's most recent RNS's...they'll give you a taste of what II's think of the risk and likely outcome.
ATB
See you soon.
Grumpy.
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Thanks for your honest disclosure that you are a Watchstone LTH.
I am a SGH LTH.
One important thing about this. At the time of purchase there was no indication of misrepresentation. SFO with their fraud investigation first came into the picture in June 2015 I believe from memory.
This in essence means that we did not know about the misrepresentation (if any) when we bought Quindell. Very important to remember this as we move along.
I found this old article.
https://milfordasset.com/slater-gor...e-firm-to-united-kingdom-powerhouse/#_ednref2
You can be confident. That is your choice.
I can be confident also. That is my choice.
If it can be proven we bought Quindell based on misrepresentation gloves are off.
And that would also help in MBs CA against us.
So would I sell for $0.10 with these things floating around?
Absolutely not
All in my opinion.
My side is getting greener each day.