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Cosmoterios

19,072 Posts.

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17/02/17

23:37

Post #: 22715243
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Originally posted by Austinhealeysprite ↑

I suspect most likely SGH will go into a controlled VA soon. The recent update was as close your going to get to a prelude for this.

The VA will completely destroy shareholders and in effect protect against class actions.

The remaining surviving bits of the company will be in effect clean and a process to maximise value for the banks will then occur.

The half year accounts, and auditor sign off are not yet finalised I believe and these could be the final nail in the coffin.

All IMO of course.

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Yes, agree.

The auditors in particular will qualify their report - especially on the issue of "Going Concern" (IMHO of course).

They wouldn't want to be sued later on for hundreds of millions.

SGH Price at posting: 17.5¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last $52.32		Change 0.000(0.00%)		Mkt cap ! $21.23B

Open	High	Low	Value	Volume
$52.50	$52.59	$52.00	$16.95M	324.3K

Buyers (Bids)

No.	Vol.	Price($)
1	1650	$52.24

Sellers (Offers)

Price($)	Vol.	No.
$52.41	150	1

View Market Depth

No.	Vol.	Price($)
1	1650	52.240
1	890	52.220
1	1073	52.140
2	454	52.110
1	1073	52.090

Price($)	Vol.	No.
52.410	150	1
52.460	68	1
52.580	478	1
52.800	193	1
53.000	246	1

Last trade - 16.10pm 26/02/2025 (20 minute delay)

SGH (ASX) Chart

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