Simple really, WTG shareholders voted for it. It was a condition of sale.
If SGH were to sell a large asset that cleared all their debts and left more cash than they could spend I suspect SGH holders would want a cut.
I spent some of mine in Oz on a beleaguered legal co that claimed to know how to make money for shareholders from their shiny new UK asset.
The DD was so strong they didn't rely on the vendors books. How many Ann's were issued to lure in the unsuspecting investors. Lesson learned.
SGH Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
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