I think the combination of us working with our new lenders and the Watchstone issues could be dynamite.
Nobody in their right mind would cut the branch they are sitting on would they?
Similarly Australia is civilised in these Schemes of arrangements. There are requirements such as fairness that much be fulfilled (that includes fair company valuations).
That is if we still need a D4E?
So with that in mind I think we all should cool down a bit and wait for those claims against Watchstone to be filed. We can then discuss the merits of those claims.
All in my opinion
SGH Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held