Fully agree.
As Chanticleer said -"Egg will also stick to Citi and Macquarie. They were the joint lead managers of an $890 million entitlement offer done in April last year to fund the PSD purchase".
I believe the major issue currently being resolved between the auditors, external advisors and BOD is about the value of PSD's work in progress (WIP), which was valued at $420 million at the time of the transaction. It has a massive impact on future cash flows for SGH.
SGH Price at posting:
83.0¢ Sentiment: Hold Disclosure: Held