NIHL, page-26

I surprised that anyone doesn't believe something was seriously wrong with assets acquired. That's why the massive write down and restructuring required. Wake up everyone because something was seriously wrong with assets acquired. IMO S&G were deceived with fake financials and information provided from Quindell. I believe S&G also relied substantially on several third party due diligence analysis in purchasing PSD. Many parties contributed to company and shareholders suffering unprecedented financial damages.