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clock Created with Sketch. 06/03/18
17:21
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Originally posted by walkingeagle
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I'm sorry to learn how your losses have affected you, Braintot, but I don't think you're being entirely fair in blaming me for my role in convincing you SGH was going to thrive. I was certainly vehemently opposed to a number of posters who were shorting SGH shares at around the time I became seriously invested, saying whatever came into their head to try to damage the share price. And I made many positive posts about SGH before I turned 'anti'. I always tried to concentrate on the fundamentals but what I didn't factor into the equation was the degree of incompetence and deception that eventually became evident. The decision made by SGH's bankers to sell their debt at 30 cents on the dollar (to me) to hedge funds and investment banks is testament to the fact that at a time when the directors were still filling the shareholders with stories of expected turnaround in UK ops and assuring them business at home was largely unaffected, the real picture was very different. I'm pretty sure I'd sold out by then. When SWC (I believe he'd been around in one or other form of identity for some time) pitched up on the scene - the SP was around 30c I think -, I took to ending many of my posts with the words: "10c soon", which then became "5c soon" and at eventually "1c soon". That was of course in old money, with a cent now being replaced to a dollar. You haven't commented about me convincing you to go short.
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Uncanny how that describes my AG & Co saga perfectly; "I was certainly vehemently opposed to a number of posters who were shorting SGH shares at around the time I became seriously invested, saying whatever came into their head to try to damage the share price. And I made many positive posts about SGH before I turned 'anti'. I always tried to concentrate on the fundamentals but what I didn't factor into the equation was the degree of incompetence and deception that eventually became evident".
