SGH 0.00% 54.5¢ slater & gordon limited

A New Dawn, page-263

  1. 1,045 Posts.
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    Sure there lots of twists and turns imbedded in the document giving AC all the Aces but thems the breaks grumpy. The alternative would have been liquidation because our debts were off the scale. Like bris connect a few years back they were swamped by there huge debt that the toll rd couldn't service or ever repay. No one came to bail them out and shareholders lost the lot. I was one of them. The only asset being the toll rd is still there generating income but has been sold off to someone like city link for peanuts and shareholders got zilch just a letter from the liquidator year after year saying how bad things were. The liquidators at Bris Connect ran the business to benefit themselves and the new eventual owners only. 5% equity in an operating company is a million times better that 100% equity in a liquidated entity. Those who believe otherwise are the ones with stockholme syndrome.
 
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