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Tren1

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06/02/24

18:49

Post #: 72269248
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Originally posted by Savvy094: ↑

Firstly, it is of no concern to the regulator what a long-suffering shareholder may feel about the process. The investigation will take its own course. Given the likely number of breaches, they will want to be thorough in their investigation.
Secondly, industry professionals consider SGR breaches to be more egregious compared to Crown. Take it from an industry professional.
Thirdly, a breach of the AML legislation is a strict liability offence - feel free to look that up.
Finally, in totality, $150m is light compared to what Crown is paying. Given the regulators recent utterances as to management's 'lack of priority' and questions by the courts as to the apparent 'leniency' shown by regulators in other similar cases, it doesn't bode well for SGR.
Watch this space, but industry information indicates that current discussions are in the range of $300-350m.

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SGR Price at posting: 56.5¢ Sentiment: Buy Disclosure: Held
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