If anyone wants to object to the scheme now is the time.
If I had the time I would give it a go but unfortunately I haven't.
I could find several reasons to object to the scheme;
- shareholders not provided up to date information of how SGH is currently going
- $1billion lawsuit was not properly mentioned in the explanatory notes
- NIHL which is outside the balance sheet was not properly mentioned in the explanatory notes
- incorrect valuation method was used (they should have used the discounted cash flow method which uses future earnings and not historical earnings which is to the benefit of AC)
- much more.
If you want to object go for it. It is now and not later it is happening.
Here is a link as to what the courts are looking at
https://www.lavan.com.au/advice/rec...restructuring_through_a_scheme_of_arrangement
SWC
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