SGH 0.00% 54.5¢ slater & gordon limited

Object to the scheme

  1. 2,060 Posts.
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    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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Currently unlisted public company.

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