why sell? Upward momentum disappeared quickly.Let's not forget the NTA today of SGH shares is negative.
re public policy argument::
This turns on ASIC's role as promoter of confident and informed investor participation in the securities markets.
It doesn't need to prove anything in its submissions to the court. It is entirely possible that Anchorage have manouevred the new lenders into a warehousing arrangement whereby they have certainty that the other guys will hand over their shares . That's OK provided it is disclosed in the scheme documentation .
SGH Price at posting:
8.5¢ Sentiment: None Disclosure: Not Held
