SGH 0.00% 54.5¢ slater & gordon limited

DrWho quoted: "failed to ensure that Quindell’s financial...

  1. 720 Posts.
    lightbulb Created with Sketch. 7
    DrWho quoted:
    "failed to ensure that Quindell’s financial statements for 2013 and 2014 were free from material mis-statement"

    Grumpus :
    "If anyone could make a claim its the original QPP shareholders."

    But the QPP shareholders benefited from the mis-statement didn't they? Why would they sue? Maybe they would want to repay the payout that was distributed with indecent haste immediately the aussie lamb was slaughtered.

    The aggrieved party would be the buyers and their advisors? Maybe Pitcher partners could sue KPMG and send letters of demand to the QPP shareholders to return their ill-gotten gains and then reimburse S&G shareholders ... on the other hand didn't Pitcher partners know about the restatement? It all reeks of dodgyness.

    Personally I wouldn't want much, just 30c per share (before dilution) would do.

    Tried to sell at 19c and 15c but it was purged each time, then I lapsed into despondency, as life's other buffets got in the way.
 
watchlist Created with Sketch. Add SGH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.