News: SGH Watchstone Group says received correspondence from firm of solicitors for SGH, page-100

It's a mere 300% for me to break even. Yeeehaaa!!!!

It's happened before when SGH went from 21c to 68c ...

There've now been quite a few positive signs :

- the banks continued with the loans last year

- two ASIC investigations have cleared S&G of wilful wrongdoing

- senior lenders provided/loaned $40M to SGH for headroom

- legislation re PI cases still not launched in the UK which would have reduced profitability

- suit against Watchstone going ahead based on fraudulent misrepresentations during the sale of Quindell which may also help to scupper the MB CA.

- possibly other cases brought against advisors who assisted with the due diligence preceding the sale of Quindell

- money in escrow claimed by SGH