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Class Action Discussion, page-18

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Tumbleroll

3,495 Posts.

10/04/16

11:22

Post #: 17465784
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Originally posted by OMEGA MAN ↑

Maurice Blackburn Class Action
From what I can make of it :-

1) Will end up paying the funder (ILP) 40% of your return if resolution is after (30/06/2017) & includes an appeal from (SGH) Most likely scenario.

PLUS

2) Have to pay (Retainer & Costs Agreement) with (Maurice Blackburn) = ??????????????????????

So unless you bought a very large amount of (SGH) shares ($100,000+)
& your average buy-in is over say ($2.00)
Then in my opinion, you're probably better of holding your shares &
hoping that (SGH'S) future is better than it has been in the recent past.

Only real risk to my opinion above is (SGH) goes bankrupt

P.S. I will not be signing up for the (Class Action)

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I'm pretty sure you can join the CA regardless of whether you sold your shares or not, so long as you meet the eligibility requirements

SGH Price at posting: 24.5¢ Sentiment: Buy Disclosure: Not Held
1 Upvote

0 Great analysis

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