Member Info for GrumpyScouser

Don't we all! Every email to them gets the standard 'cant discuss specific cases' response of course. The only facts we know are: multitple interview phases have taken place; the current BoD continue to communicate and respond to questions; NO CHARGES have been brought against either current or past employees. Could drag on for years......

But reported after the close yesterday....

Well, if 'throwing in the towel' means at some undegined time in the future the will sell off to the highest bidders that shareholders find acceptable, youre right. In fact : isn't EVERY company in that position? Required to put serious offers to acquire all or part to it's shareholders for approval?

@email: they didnt. It was stated that the company will prepare the remaining operating businesses for sale: they then have to get offers which are acceptable to the shareholders. The resulting monies will be returned to shareholders. Since the return to shareholders can not be done until the SFO & SGH situations are resolved, then it is also likely that WTG will just continue to drive those businesses forward. Once the legacy issues are resolved, one might reasonably hope that the resulting sales prices will be significantly higher than today. There re NO timeframes for sales and the company confirmed publicly at the last AGM that there were at that stage NO ongoing, reportable discussions relevant to the sale of ANY remaining core subsidiary.

Well: that's a very good point. I'm not sure that funds would just 'gamble' like that; they've done some considerable research and we also know that they have been in discussions with WTG as part of that dilligence. So I'm guessing they have a more objective approach to where they throw their chips, especially as what you call the 'liquidation' has in fact been described in far more specific terms by WTG, both publicly as well as in response to Q&A from investors. Until SGH & SFO are resolved we can just sit back and do nothing...or sell...or buy....same as always.

and there we go: confirmation that existing long term II's continue to buy. Frustrating as the sp is, this is more reassurance. Nothing will change significantly until SGH claim & SFO enquiry are removed.

Their staff are leaving in droves and, presumably, will be poaching anyone left who is worth taking. The new owners have picked up a huge business for peanuts and can sit back and cream any future earnings whilst existing shareholders get nowt. As for the UK bit....even a derisory settlement is cash straight back to the new investors pockets: they don't need and certainly don't expect the drug-induced settlement trumpeted. UK litigation ain't like Aussie.

I can only imagine the chunky WTG buys are as a result of SGH's catastrophic announcements after the close. Same with the recent II's....hedging theit bets. ATB to any remaining SGH shareholders: well and truly stuffed.

I'm also unhappy about the share price. But.....even a £1m contract will change nothing. There are ONLY two catalysts for utter disaster or a rerate:- - SFO ceasing their enquiry (or a huge fine against WTG...unlikely) - Settlement or withdrawal of SGH claim (unlikely....wait till 2019) Until then..... enjoy the repetitive whine:-) See you in October for the interim. Enjoy the rest of the summer.

Wrong board? :-) lol

I really don't need to admire anything about him.

Member not found. I suppose we just wait a while for account No. 5 to open.

So you were too as well as bondstreet as well as smugflucker...... You keep violSting LSE .....your hosts here lol... Was.

Welcome back blondestreak....account no. 4? Lol

And how was the swinging??

@ayuyn....given your history and insight (which I've validated previously)....thanks for the post.

Lol Welcome back blondestreak

I especially dislike the deliberate distortion. Read Rocals selective drivel from a week ago. Poor research or deliberate distortion: you decide ;-)

Despite the issues the company is facing from SFO & SGH I agree with you: you've bought at what I consider to be a great price.

I do...and wish I had bought more.