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09:16
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Originally posted by Copter
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I did tell myself not to read the Sgh posts this weekend . But you know it's just about the bottom when you see these comments, sure you don't want to be holding when you see the administrator called in. I might say I held idc Newsat vet at a stage prior to the curtains but never on the last day of trading. Let's just look at a couple of things. Firstly asic issue, dare I say with Sgh trading at 69 cents the asic issue is totally erelevant. Any thing they had to say was never going to be material , I would be very surprised they would have anyone at asic that could understand the Sgh model let alone determine if Slater and Gordon fudged anything. . Key people own significant stakes There interests are aligned to long term shareholder value, so nobody feeling more pain than those key stakeholders, and the lawyers that participated in the rights issue in April.
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That's it ................the last of the panic selling became evident at 70c yesterday.............not a whole lot more to drive this lower..................upside looking a lot better after the panic subsides
