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I am back. So is SGH, page-1119

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Krispytech

4,431 Posts.

16/05/17

09:49

Post #: 24709668
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Originally posted by Krispytech ↑

I remember writing here many times that SGH will sue WTG.
But it will do that when future of SGH is secure and things are sorted out
as AG /SGH cant open all the fronts and then it also a question of timing it with strategy keeping in mind other things that are happening.You got to get the opposition off guard and as you all know that there are so many who wanted SGH to be dead yesterday and have done their best to kick a fallen comrade.
This filing of case against WTG along with write downs to the tune of 1 billion dollars by SGH strikes the death knell of MB CA case in my opinion.
Imagine UR the presiding judge and you have a case against a company and its directors for not keeping the market informed and that company has just bought another company on a foreign land for 1.2 billion dollars and trying to sort things out theri.
It is not possible to get a handle on these things overnight and find out all the things that are right and wrong re the business that SGH bought and so accordingly SGH informed the market.
No sooner information came to knowledge that it was not possible they did that.
That too under the circumstances when SGH was likely to be fruadulently sold a dud for 1.2 billion dollars.
It is not without reason that AG spent so much time in UK.
Of course he was trying to sort things out and also in a way establish the case first hand against WTG.
Fraud cases are usually simple.
Evidence has to be black and white.
Either it is there or it is not there.
No ifs and buts.
So i think the case will be decided very quickly.
Those who think that it will take years again are in for a big disappointment.
So by the look of it the case against WTG is very solid.
No wonder SGH has not bothered even to share the information with WTG.
Why should they any way.
Re recovery of 600 million dollars, just wait and watch once they case is filed.
Looks like again bears are in denial .
Sock is going to come when they see the filing of the case.
Once case is proved , there are likely to be many ways and many parties and people who will be made to pay through their nose.
Those who see the anchorage as enemies of current shareholders are also for a big big disappointment.
U got to realise that even if they get fully paid for what they are owed ,they make a big big killing.
Is that possible???
Well i cant deny that possibility.
Nor should any one else.
I have always said SGH got too many rods in fire.
Just few of them got to fire up and thats it.
well SGH has set the chess board.
Just played two moves.
Few more moves and one may see it is game over for all the opponents.
Can U rule that out completely.
I cant.
Keep smiling.

Expand

I think the big surprise to the market is going to come when they get the details of the case that SGH will file against SGH.
I think even old directors who are no linger in may also become respondents and also personally liable for the 600 Million GBP claim.
When MB files CA SGH drps from 40 cents to 20 cents
when SGH talks of 600 million clainm against WTG share goes up 30%.
Market and bears are pretty complacent.
My decades of experience of watching world markets tells me that
when big playuers are caught off guard by a news or event, market teends to brush off the news some times even for fewdays to help them position them self and
then all of a sydden takes U turn.
so no reaction means
SHARKS CAUGHT NAPPING.
Wait. U will see reaction .........

SGH Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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