There is now alot of pressure on ASIC to finish this review speedily. SGH could argue that this sell -off is partly because of the Asic investigation.
The company is suffering because of unknowns and I have no doubts they would have been in contact with Asic to point out that this is hurting, to the event that some are saying the company could fail.
I would not be surprised to see an announcement shortly re this. Asic would also be aware of their role and even if they could not give a stuff about SGH, they may about the shareholders.
ASIC have a duty to complete this inquiry in a prompt manner .
One good announcement is all we need in my opinion.
SGH Price at posting:
69.0¢ Sentiment: Hold Disclosure: Held