It gives a good insight into what went on and how it happened. Can't wait for the outcome.
Need more time to digest it, but it looks to me as if SGH decided to go ahead with the deal without getting/viewing the full Pwc report and would have known at the time it was not the full report. They relied on "presentations and slideshows" and " chitty chat " rather than the hard numbers and facts. Why didn't they say to QPP.... No Full Pwc report then no deal, SGH tried many times to get the Pwc report from Qpp and everytime it seems they got brushed off, surely that should have raised an eyebrow. Also if this whole deal was solely reliant on a Pwc report what were the other 70 lawyers doing? why couldn't they project their own dilution rates when examining the cases, overall seems very poor DD on SGH part imo.
SGH Price at posting:
9.3¢ Sentiment: Sell Disclosure: Not Held
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