Voting for Trading Halt Bear Trap, page-7

I think it is just patience that is required. Everyone needs to understand that the CFO is new to the job, he relies on financial controller, management accountants, accounts payable/receivable departments, management, system processes all to make new guidance and forecasts. Along with getting his head around the business himself. He is not a magician. If he wants to change methodology, new processes need to be implemented, these things all take time, especially over the Christmas holidays when important personale may have had holidays booked. Then add the extra layer of regulation with hawk eye bank advisors.

I used to be an auditor and understand that if the numbers are to be more concrete then time is required and many inputs are required. New CFO will want to be confident of the numbers in order to publish. I agree it is not good enough to not have accurate forecasts at disposal immediately but S&G have many different spot fires that need to be put out one by one. Whatever is released be sure it will be very conservative and accurate!

Shorters are just playing on this and you can either have faith that the business model will work in the long run and that suficient due diligence was performed pre-acquisition to ensure Quindell is not totally worthless (like shorters want you to believe) or sell out at these rediculous levels at what I believe is the worst period to sell.

You will never pick the top or bottom but look at graphs like Qantas, Redde PLC and St Barbara and when a company is in dire straights and everyone is convinced "the end" is near... that is the time to buy. Doesnt matter at these levels if you are off 10% or 60%, if they turn it around you are a winner!!!!