I too was gullible, so easy to be wise in hindsight, to trust a group of legals in the first instance when I bought SGH shares. if there is any, tiny, shred of positivity in this announcement it is that it is (hopefully) a truthful statement and things are not worse. The only way SGH can resurrect any credibility is to become an open and transparent organisation, not an easy thing with such a murky past. Whilst this statement is bleak, one would hope it is truthful.
SGH Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held