What changed for you at 12 cents when you sold - Just interested

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Lockyer

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14/05/17

12:36

Post #: 24676680
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Originally posted by voost ↑

LOL...does your vote pay the principal and interest on the debt?

The pressing issue is that each month there are cash flows that need to be met both to operate the business and to service debt. Right now SGH still cannot stand on its own feet and they required further cash to support working capital. If that isn't symptomatic of the larger issues, I don't know what is.

And this whole nonsense about filing a suit against WTG is absolute desperation. Look, you bought this stock thinking that you were buying ownership of a law firm. On the face of it, it is a good enough business model . At some point, things changed and there was too much debt. It was less about owning a law firm and more about owning a hugely leveraged bet on law firm acquisitions. And this latest piece of news is a further step away from the core business of running a law firm. Now your survival and future returns are based on the outcome of a legal case.

Don't count your chickens before they have hatched. The outcome of this potential legal action is likely years away.

You are a terrible investor because you don't realise how the risk profile is changing. You constantly recite meaningless rubbish like the customer satisfaction rating without the faintest idea that it is inconsequential with a mountain of debt hanging over the head of the company.

AG and SGH got themselves into this mess. They took what was a good company and blew it up and bagholder apologists like yourself are too stubborn to realise that the investment profile has totally changed.

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What changed for you at 12 cents when you sold - Just interested

SGH Price at posting: 8.8¢ Sentiment: Hold Disclosure: Held
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What changed for you at 12 cents when you sold - Just interested

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